From the Bank of England to the Fed: Policy Under Pressure

Matt Jones and Neil Staines discuss a complex global macro backdrop dominated by the Iran conflict’s impact on oil, inflation expectations, yields, equities, and growth, with market focus shifting to a heavy week of central bank meetings. In the UK, weak sales, house prices, and a softer January GDP print reinforce growth concerns; despite markets repricing toward possible Bank of England hikes, Staines sees a high bar given weakening growth and reduced fiscal space, though statement language will be closely parsed. Elsewhere, the RBA is expected to bring forward a 25bp hike, while the Bank of Canada, SNB, Riksbank, and ECB are broadly expected to hold rates amid differing inflation and growth dynamics. The Fed is seen as most consequential, with unchanged rates expected but close attention on updated projections and dots amid a weaker revised Q4 GDP and ongoing geopolitical risks.

00:00 Welcome and Setup
00:27 UK Outlook and BoE Watch
02:24 Global Central Bank Roundup
05:19 Fed Focus and US Data
07:19 Weekend Watchlist Sports
08:32 Long and Short Picks
08:52 Wrap Up and Disclosures

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