$100bn Price of the Special Relationship

Guido’s bond trading days are long behind him, but he keeps an interest in the markets. Why have UK holdings of US Treasuries tripled in the last 12 months ($55bn to $167bn) when France and Germany have maintained stable and much smaller holdings? The dollar is in benign decline. China and Japan obviously have to recycle their dollar surpluses. The UK has a deficit. Any City lurker on here care to explain?

Source : US Treasury.

UPDATE : Guido bought his first daughter an ounce of gold for her first Christmas, she is well ahead on that and the way the economy looks another ounce will be going to his second daughter for her first Christmas. Chinese insurance…




Tip offs: 0709 284 0531
team@Order-order.com

Quote of the Day

Angela Rayner on Labour’s economic policy (via Speccie):

“It is a bit of a sh*t-or-bust strategy…”

Sponsors

Guidogram: Sign up

Subscribe to the most succinct 7 days a week daily email read by thousands of Westminster insiders.
James O’Brien’s Carillion Fake News Goes Viral James O’Brien’s Carillion Fake News Goes Viral
O’Mara Hasn’t Helped a Single Constituent in Months O’Mara Hasn’t Helped a Single Constituent in Months
Credit Where Credit’s Due Credit Where Credit’s Due
Osborne on Carillion: Then and Now Osborne on Carillion: Then and Now
Paul Mason’s Column Axed Paul Mason’s Column Axed
Lord Pannick Backs Gauke’s Judicial Review Lord Pannick Backs Gauke’s Judicial Review
“Get On Your Knees, B*tch” Clive Lewis Returns to Labour Frontbench in Reshuffle” “Get On Your Knees, B*tch” Clive Lewis Returns to Labour Frontbench in Reshuffle”
Vulnerable Children’s Data Breached at Labour-Run Leicester City Council Vulnerable Children’s Data Breached at Labour-Run Leicester City Council
Dover Traffic at Record Levels Dover Traffic at Record Levels
10 Times Chris Williamson Wasn’t Sacked 10 Times Chris Williamson Wasn’t Sacked
Watch: Baroness Jenkin Drops C-Bomb in Lords Watch: Baroness Jenkin Drops C-Bomb in Lords
Worboys Victims Formally Ask CPS to Reassess 93 Unprosecuted Cases Worboys Victims Formally Ask CPS to Reassess 93 Unprosecuted Cases
BBC Reined In Over False Climate Claims BBC Reined In Over False Climate Claims
Corbyn Said Davos “Conspiracy” is “Cause of World’s Problems” Corbyn Said Davos “Conspiracy” is “Cause of World’s Problems”
Khan’s ‘Independent’ Brexit Study Written by Leave-Bashers And Corbynistas Khan’s ‘Independent’ Brexit Study Written by Leave-Bashers And Corbynistas
Press-Hating Peers Pave Way for Leveson 2 Press-Hating Peers Pave Way for Leveson 2
EU Propaganda Service Chooses Soubry’s Constituency For New Base EU Propaganda Service Chooses Soubry’s Constituency For New Base
McDonnell Off to Davos McDonnell Off to Davos
“Absolute Disgrace” Worboys Victims Not Consulted on Licence Conditions “Absolute Disgrace” Worboys Victims Not Consulted on Licence Conditions
Thousands of Doctors on ‘Winter Crisis’ Ski Trips Thousands of Doctors on ‘Winter Crisis’ Ski Trips