Euro yields joining the party. One of the biggest red flags in macro markets—yields up, currency down—is happening again in the UK, signaling fiscal un-anchoring.

Euro yields joining the party.

Wont be long. pic.twitter.com/5czRWFiF7e

— The Great Martis (@great_martis) January 9, 2025

⚠️ One of the biggest red flags in macro markets – and a sign of fiscal un-anchoring – is yields up and currency down. This is happening again in the UK (the last proper time we saw this was Q4 '22… after *that* Budget). Looks ominous $GBP pic.twitter.com/y2LvfRGY6p

— Viraj Patel (@VPatelFX) January 8, 2025

GBP standing on the edge of a cliff, tough decision coming for the BOE:
– save the economy and its currency
– bailout reckless insurances, pension and hedge funds https://t.co/KbqIfs64rZ pic.twitter.com/zZszVw8huC

— JustDario 🏊‍♂️ (@DarioCpx) January 9, 2025