Simon Derrick - Bank of New York

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Last quote by Simon Derrick

What's interesting is the expectation of a rate hike is having a greater influence (on the pound) than some of the political issues that potentially could have weighed on sterling in a way that they might have done six months ago. We're still in the middle of Brexit negotiations, we've got the Conservative party conference coming up and we're in a time of political uncertainty.feedback
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Sep 18 2017 Brexit
Simon Derrick has been quoted 21 times. The one recent article where Simon Derrick has been quoted is Sterling soars to highest since Brexit on Bank of England rate-hike bets. Most recently, Simon Derrick was quoted as having said, “Whilst the market was certainly pricing in the possibility of a rate hike in the next six months going into yesterday's meeting, there were very few people who genuinely believed that. (Vlieghe) was known to be a dove… Having a dove say something like that resonates far more than, say, Michael Saunders saying it.”.
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Simon Derrick quotes

Mar 20 2017 - G20

If they are going to push on trade, then you have to expect that the U.S. will want to talk to its major trade partners about where it feels there is unfairness in the relationships. None of us knows, but it gives me a hint that if there is a belief in the U.S. that some nations have manipulated their currencies then they will be looking at ways of addressing that (and) that would be aiming at a weaker dollar.feedback

Feb 28 2017

There were a whole list of things on the table and at the moment we have a market that is looking for greater clarity on those topics. If I had to call it, I think the dollar weakens because I think that, not withstanding the signals, it is probably beyond March before the Fed will hike. I also think the downward pressure on yields (globally) will continue.feedback

Feb 14 2017 - Federal Reserve

We?re still early into the new administration so we?re yet to get details of fiscal strategy and that?s going to have an important impact on how the Fed guides policy.feedback

Jan 24 2017

What happens in the European sovereign spread space is really where you start to see your earliest warning signs of what's potentially going on. But the French election is significantly less of a risk (to the euro) than the Brexit referendum or the U.S. election, because there were direct outcomes. Here there's the complexity of French politics.feedback

Dec 28 2016

While the market collectively may not be focusing on the story, dollar strength could become a domestic political issue in 2017 should it persist. Should the dollar make substantial gains from here, particularly against the yen, it will be interesting to see how president-elect Trump responds given his previous comment.feedback

May 28 2007

UK goods being sold in the United States are now significantly more expensive than they were five years ago. When you consider that US manufacturing costs are probably the same, that means we are looking far less competitive.feedback

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