RE: Powell Jackson Hole speech just finished27 Aug 2022 06:38
What I cannot work out is this, the inflation is mainly driven up by energy. The paradox is that there isn't lack of energy on the planet, but it highly speculated. Instead of focusing on this and to create rules about energy trading, they try to make common people to struggle. Rise rates, rise unemployment, cut back on spending. Basically, forget your life style, spend all your income on mortgages and heating/fuel. No money left for anything less.
Like OPEC on Thursday, they said that if the price of oil falls further, they are going to cut production! And no one says anything!
In particular for THG, if a TO offer doesn't come, unfortunately, I don't see how the SP is going to go close to £1 anytime soon.