Water companies like to tell you all about the investment they make in Thames Water 💧's case at least it's a lie.

Every single year since privatisation shareholders have taken out more cash form the company than they ever put in, every single year.

You've been had.

Water companies are demanding bill payers fund mistakes caused by nothing more than their greed and the regulators incompetence.

No we say, no and a thousand times no!

Fed’s Schmid: Current Stance Of US Monetary Policy Is Appropriate
- Urges Patience On Interest Rates Until Clear Inflation Ebbing To 2%
- Inflation Levels Are Still Too High
- Job Sector Strong, Economy Growing Above Trend
- Would Like To See Much Smaller Fed Balance Sheet

#forex As $audusd continues its retreat down thru 0.6500 to post 0.6475 amid risk-off tones increasing and $audjpy supply keep in mind we have c. $aud 700m #options rolling off today at 0.6450 and 0.6500. My daily email subscribers have known my pref to sell rallies. #forewarned

Timely given increasing risk-off appetite that sees $usdjpy back down through 153.00 on the $jpy demand I highlighted below. Other core pairs being pushed lower too.. #forextrading #Iran $usd

High oil and gold prices are dwarfed by cocoa and silver. Just what's going on with commodities?
think.ing.com/articles/tight…

#forex Fragile risk tones bringing $jpy demand and helping to cap $usdjpy again but the pair remains underpinned amid the general $usd demand too.Cross-flows helping to cap core pairs in moves that see $gbpusd below 1.2500 support. Some pips banked and I'll re-sell rallies still.

🔴 FED’S COLLINS: A RATE HIKE NOT PART OF BASELINE BUT CAN'T BE FULLY RULED OUT.

🔴 FED’S COLLINS: I'M STILL EXPECTING INFLATION PRESSURES TO WANE LATER THIS YEAR.

🔴 FED’S COLLINS: I SEE IN THE RANGE OF TWO RATE CUTS FOR 2024.

The power of the OBR is one of the most important facts of UK government today.

It has been elevated to the status of augur, its verdict sought from immigration to welfare.

Its models matter - especially when they're wrong.

My column:
telegraph.co.uk/news/2024/04/1…

The US dollar may not fall quite as far as we thought a few weeks ago. Our FX thinking here ⬇️
think.ing.com/articles/fx-pa…

Here’s this week’s “Reggae Revival”
Phoenix FM Dub Vendor Greensleeves Records #Reggae

phoenixfm.com/2024/04/11/reg…

#forex $usdjpy finds dip demand around 152.80 again and now back up to 153.24 helped by some better-risk $jpy supply as #equities find support too. Still a risk of MOF/BOJ intervention but at least we know where the bids are meanwhile. #forex trading

Absolute yawnfest on $eur pairs during #Lagarde 's presser (ok, I'm tempting the #forex gods to bite me up the arse ofc 😎). $eurusd held 1.0700 in the immediate aftermath of the announcement with decent #options interest helping to support then some softer $usd tones post #PPI .

Coming up in 15 minutes: watch live as President Christine Christine Lagarde explains the latest monetary policy decisions.

🔴 ⚠️ BREAKING: US PPI YOY ACTUAL 2.1% (FORECAST 2.2%, PREVIOUS 1.6%) $MACRO

🔴 US PPI MOM ACTUAL 0.2% (FORECAST 0.3%, PREVIOUS 0.6%) $MACRO

🔴 US CORE PPI MOM ACTUAL 0.2% (FORECAST 0.2%, PREVIOUS 0.3%) $MACRO