Divyang Shah, IFR Senior Strategist
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.
Divyang Shaw on the currency’s future after the referendum.
We had expected allocation of €100bn and the outcome is a modestly disappointing €82.6bn. It won’t come as a complete surprise as the Dec TLTRO and even the Q1 2015 TLTRO are likely to be more popular as they will allow banks to shift funding from the current more attractive 3y LTRO.
Shah: Doves are cognisant of premature tightening.