Divyang's focus is in following broad macro trends globally with a view to building a tradable analytical framework. He was editor of the flagship products at IDEAglobal as well as head of FX research and then moved to Chief Strategist at Commonwealth Bank of Australia before joining IFR.
With the release of the latest APP data yesterday, we now know the redemption schedule for the whole of 2018.
Cognisant of previous failures with forward guidance, it seems that Bank of England MPC members are unwilling to fine-tune market expectations further.
We can sum up what has happened recently with central bank communication with one quote: “I know you think you understand what you thought I said but I’m not sure you realise that what you heard is not what I meant.”