Independent Strategy

Contradictions

Faltering growth and undershooting inflation expose the contradictions of the ECB’s current policy approach. Despite Draghi’s insistence, they remain well behind the curve and any further shocks will merely set them further back. A weaker euro looks to be the only route out of this hole. We remain short euro versus the US dollar and long German bunds.

To read the full report - Login or Subscribe

SUBSCRIBE

In the Media