As anticipated, the President’s scheduled address tonight is expected to formalize the "National Security and Trade Architecture" that we identified in our October 27th Mandate.
Why this matters for the BoE tomorrow:
If the US confirms a more aggressive trade stance tonight, the Dollar will likely strengthen further. For the Bank of England to cut rates tomorrow in this context would be a total capitulation of the Pound’s value. The "Christmas Bonus" rate cut predicted by the BBC is now effectively dead on arrival.
We are monitoring the transcript for references to Export Controls, Tariff Reciprocity, and Dollar Hegemony. These are the three pillars that keep our Gold target at $4381 and our Gilt Short at 6.0%.
"The signal is strengthening. The noise is receding."