I’ll let you all into a little sales-trader secret and I hope you aren’t too shocked - sometimes when there is a little more time, I try to pen some of the Daily Snapshot before the European trading day is behind us. The benefits being that on quieter days, what you’ve written earlier in the day is often the case by close of play, the downside being when everything changes half way through and you have to re-write the whole thing. Luckily, today was a day I decided to leave it late, let the dust settle following the UK U-turn headlines and CPI mess and then crack on. Headline CPI the big event and it disappointed.
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