Prepare for a volatile week of Banks and Holidays

Monday 19th September 2022

It’s a confusing week ahead of central bank meetings and public holidays. The Queen’s funeral will attract most attention today, but not on the markets that could see a quiet start to a busy week. NAB’s Ray Attrill says it’ll add to the volatility this week, driven by uncertainty and liquidity. Whilst most expect a 75 basis point rise from the Fed this week, there’s still a chance they will lift by 100. The UK faces a decision by the Bank of England and a mini budget from Kwasi Kwarteng, the new Chancellor, that could add to big increases in bond issuance. Plus, a meeting of the UN General Assembly which could (perhaps) see Putin lose more allies.

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