Marc Cogliatti, Principal, Global Capital Markets
As tempting as it is to write another rambling piece about the state of UK politics and what another new prime minister might mean for sterling, I thought I’d deviate slightly and take the opportunity to recap on some important points for consideration that have arisen of late.
The past month has felt like June 2016 or March 2020 all over again. I’ve lost count of the number of ‘tail risk’ market moves over the past few years, but they are certainly becoming more frequent. Below, I’ve set out five very different reminders from the past few weeks:
One final point to remember: communication is key – this is arguably true in all walks of life, but especially so during times of uncertainty. Whether it’s regular communication with investors or hedging counterparties, everyone takes comfort in understanding what’s going on.
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