UK inflation was undoubtedly hot in July, but as ever, the devil lies in the detail.

In a quiet week for FX markets, the dovish rate cut from the Reserve Bank of New Zealand overnight shows the importance of ...

Earlier in August, we published our monthly FX update. That was centred around the view that the last line of defence for the ...

Market yields were up across the curve on the back of these minutes - makes sense. There is also a nod to bank reserves, which can fall as the Treasury rebuilds its cash balance. But the Fed notes the ...