Sterling’s rally to peter out on rising inflation

The Mexican peso is the only major currency to have appreciated against sterling this year (and then only by less than 1%). The trade-weighted sterling is the highest it has been since late 2008, when the currency was in the midst of its epochal devaluation. The...

CNBC Interview

Variant Perception had one guest host appearance on the CNBC today. Head of Research Claus Vistesen talked about the ECB’s rate decision and what it is likely to do in the face of a weakening global economy. We should of course point out that although the...

UKRAINE FLIRTS WITH DEFAULT

Following the pattern we have identified in other countries in the region, Ukraine is once more getting itself into a deeper and deeper mess.  Part of the problem is political, part of it is economic, and part is a combination of the two.  Moreover, Ukraine has one of...

Monetary Contraction Continues in Europe

Simon Ward at Money Moves Markets updates us on the latest monetary aggregates from the eurozone and despite strong global growth in excess liquidity and central bank expansion, money growth remains weak in Europe. Going out of 2011, 6 month nominal M1 growth in the...