Sally Auld
speaker
5,823 appearances
57 recordings
1 series
first heard Sep 2024
last heard 17 Aug
Sally Auld’s voice in public audio — every appearance, attributed to the second.
Trend
recordings per month · last 12 monthsRecordings per month over the last 12 months — 28 in all, peaking in Aug 2026 with 3.
Appearances
uh impact on inflation and then I guess also the backdrop to that is uh you know some of the
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uh the goings on in UK politics as well, which has got people worried about, you know, possibly the fiscal situation once again in the UK.
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And then we know there are other parts of the world, you know, like the US where the fiscal situation is also somewhat concerning.
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So I I think it's, you know, markets
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Probably
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not so disappointed with the outcome of the US China summit, um, but more I think acknowledging the reality of uh, you know, what high oil prices mean for inflation, for inflation risk premia, and of course we've made no progress on opening the Strait of Hormuz and so oil's pushing higher too.
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that's right.
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So, you know, I guess uh you know some of the the experts in the oil field say that you know this can go on probably into June and then things start to get
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uh, you know, I think quite acute in terms of uh, you know, inventory drawdown and the ability of refineries and the like to
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continue uh producing and and so, you know, maybe it's just that we need to tolerate, you know, the ongoing back and forth and, you know, supposedly lack of progress and
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Look forward to, you know, the straight opening maybe next month, but it does does feel like we have been here before and of course oil markets are now reacting to that.
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And so as you said, oil is up uh on Friday night.
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And when you look at sort of December twenty sixth, uh, you know, Brent futures for a long uh a long time through the Middle East conflict, they were quite happily sort of trading around that eighty dollars a barrel level.
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Um and and now, you know, that futures curve has shifted higher and those
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bar dated contracts, or not not so far, only ni sort of six or seven months away, you know, trading closer to sort of ninety, ninety five dollars a barrel.
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And so I guess we're starting to, you know, open up that possibility that oil's
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You know, not coming back to eighty dollars anytime soon and we better get used to uh you know, a price closer to a hundred for the rest of the year.
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Yeah.
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Yeah, which is not that's obviously not a an ideal situation for the global economy.
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