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LOCKED MI2 Trader: Buy Sonia SFIZ3

Back in the spring, we took a stab at counter-trading the rise in UK rates (“MI2 Trader: Fading UK Rates” 26th Apr). At the time, the logic was that our leading indicators were suggesting a pause in skyrocketing UK inflation, which would allow the Old Lady to take a breath and assess the economic fallout from Ukraine. Unfortunately, we were too early and were stopped out almost immediately. Fast forward two months, and the arguments look even more compelling, with our work suggesting that, at least for now, UK inflation is clearly peaking.

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LOCKED MacroCapture: On Our Radar | 12/15 – 12/20

December 20, 2025

This episode of On Our Radar breaks down the key developments shaping the market landscape, highlights where the data supports—or challenges—our core views, and spotlights the charts commanding our attention right now. We also wrap up with some Hotwire insights on price action.

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