Nick Andrews
Europe Analyst
Nick has spent the last 12 years involved in trading, analyzing or writing about European markets and the global economy. At Morgan Stanley for seven years he divided his time between the interest rate swap and repo markets before returning to university to complete a masters in economics. During that time he also wrote for the Wall Street Journal covering fixed income markets. After graduating in 2011 from London's Birkbeck College, he worked for David Roche's investment consultancy, Independent Strategy, before joining Gavekal Research in 2013. Nick also has a degree in engineering from Edinburgh University.
For Nick's article archive click here.
The Daily
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Gavekal Research
February 14, 2019
What Europe’s Political Ructions Mean
European politics is again heating up. Yesterday saw the Spanish government fail to pass its budget in a move likely to spur fresh elections. Populists in Italy and yellow vests in France are keeping up their campaign of disruption.
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Gavekal Research
February 12, 2019
The UK's Limits To Growth
For the British economy, it has been a case of “mustn’t grumble” since the 2016 Brexit referendum. However, the effect of a weak fourth quarter GDP report was to debunk any illusion that Brexit uncertainty has been weathered. Such a reckoning was inevitable with or without Brexit, as the UK has in effect hit limits to its growth.
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Gavekal Research
January 22, 2019
The Future Of Italian Yields
Since it became clear Rome and Brussels were moving towards a compromise to end their budget stand-off, Italian assets have outperformed. The yield on 10-year BTPs has fallen, narrowing the spread over bunds.
Ideas
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Gavekal Research
October 15, 2018
The Politics (And Economics) Of A Multi-Polar Europe
This weekend’s election in Bavaria saw voters deal parties in Germany’s ruling coalition a bruising rebuff that further erodes Merkel’s authority and effectively kills off Macron’s plan for the EU to integrate at a faster pace.
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Gavekal Research
May 18, 2018
A UK Consumer Reckoning
This week saw the release of moderately good news for the Brexit-bound UK economy, as wages rose the most in almost three years. With inflation moderating, real incomes have edged higher, giving hope that consumption can again fire up growth.
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Gavekal Research
May 16, 2018
The Next Phase Of Eurozone Reform
During last year’s French presidential election, Emmanuel Macron opened a debate by asking “what do we want to do with the euro?” His answer was more political integration and burden sharing.