Inflation to hold UK recovery back

There are some notable reasons for near-term reasons for optimism in the UK.  The housing market seems to be picking up, industrial production growth is looking up together with PMI data and the equity market has done well. All these are real and significant signs of...

Speculators are giving up on US stock futures

One of the most interesting developments across speculative positioning in the past weeks has been the reversal in net positioning in US stock futures. On an unsmoothed basis speculators most recently turned net short S&P 500 futures for the first time since...