Viraj Patel

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Last quote by Viraj Patel

It is difficult to see President Draghi exceeding the intrinsic QE taper expectations priced into the euro, while he could choose to repeat the Governing Council's concerns over currency markets front-running ECB policy normalization.feedback
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NEW Aug 22 2017
We can learn a lot about a person if we know what types of things he or she talks about or comments on the most frequently. There are numerous topics with which Viraj Patel is associated, including Bank, England, and sell-off. Most recently, Viraj Patel has been quoted saying: “Absent some Mario Draghi fireworks this week, buying on dips for euro/dollar may be a better strategy rather than chasing the euro higher at these levels.” in the article Euro's losses deepen before Jackson Hole | Reuters.
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Viraj Patel quotes

Jul 10 2017

Little sign of wage growth could trigger a BoE reality check. With markets still pricing in around a 45 percent chance of a rate hike later this year, we continue to believe that a dovish re-pricing – and a move lower in short-term UK rates – remains the key downside risk to sterling in the near-term.feedback

Jul 03 2017 - Brexit

Even if the post-Brexit 25 basis point rate cut is reversed, structural impediments are likely to keep UK interest rates anchored at historically low levels and this points to limited sterling upside from BoE policy.feedback

Jun 28 2017

There is a risk that the moves are a bit too aggressive relative to what the central banks are trying to tell us. In the case of the UK, this withdrawal of stimulus could just be one rate hike and not the start of a full-blown hiking cycle. So you've got to be careful about overshoots in these currencies.feedback

Jun 09 2017 - Brexit

We noted that maximum chaos would be if the Conservatives are only able to get somewhere between 290 to 325 seats; it's the grey area where it's not enough for a Conservative majority, but also potentially not enough to see a stable Labour-led coalition being formed quickly.feedback

Jun 07 2017

Tomorrow is what is being dubbed as 'Triple Threat Thursday', ... an event-filled day that could send global markets on a bumpy ride.feedback

Jun 05 2017 - Qatar

Even if May does just about enough to increase the majority - that could still potentially be sterling positive.feedback

May 02 2017 - Brexit

Markets have been disillusioned because, when it comes to data, it's been showing a different picture to the doomsday scenarios that economists had predicted in the initial aftermath of Brexit. It's hard for markets to continue hanging on to this sort of bearish outlook when the data's completely different (to what's predicted).feedback

Apr 26 2017

If it were that easy, everyone would do it. Though some positive effect on short-term growth is possible from tax cuts, this is likely to be inadequate to boost revenues to outweigh the costs.feedback

Mar 29 2017 - Brexit

The more market-relevant event to focus on will be the EU's initial response. This may prove to be the clearest steer yet on whether we're on course for a soft or hard Brexit.feedback

Mar 29 2017

We do see scope for more bad news to weigh on sterling in the next few days. With the two-year clock officially ticking, should officials place greater initial focus on factors like the divorce bill – and divert attention away from a transition deal – then we would expect sterling to react negatively.feedback

Mar 16 2017

The bar was high for the FOMC (Federal Open Market Committee) to deliver a hawkish surprise, and one could argue that asset prices, in particular bond yields and the dollar, had been reflecting overshot tightening expectations going into this meeting.feedback

Mar 13 2017 - Article 50

The actual triggering (of Article 50) is really in the price today.feedback

Mar 13 2017

Anything that delays this process, anything that pushes you away from getting closer to the end Brexit deal is sterling negative.feedback

Feb 28 2017

Our economists just don't see Westminster accepting a second referendum at least in the next 6 to 12 months. They don't want to be battling on two fronts.feedback

Feb 20 2017

I think this is a bit of a correction after what was a pretty negative week last week in terms of UK data.feedback

Feb 15 2017 - Japan

Is Trumpflation back with a vengeance? Probably investors will want to wait but it does seem that all of the cards for another bull run for the dollar may be falling back into place. There can only be upside risk going into Yellen's testimony this week.feedback

Nov 02 2016

But for sterling in particular you've got a bit of uncertainty ahead of tomorrow's Bank of England meeting and we've got this Brexit ruling as well – those could both bring favourable outcomes.feedback

Jun 28 2016 - Japan

We've had two days of massive sell-offs so this temporary reprieve is not unexpected, especially as we've had no new news – I think that's key.feedback

Mar 14 2016

Despite the large scale ECB easing last week, our economists are not looking for the BOJ to follow suit, certainly not in terms of a lower negative rate.feedback

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