Michael Brown
Senior Research Strategist
Michael Brown is a seasoned, award-winning market analyst, with a record of providing pertinent commentary, analysis, and forecasting across all major asset classes, principally through a global macro focus, over a decade in the financial services industry. He frequently appears in a wide range of UK and international media, discussing major risk events, key market trends, and broader macroeconomic themes. Michael holds an Executive MBA from Cranfield University.
Most recent articles
August 2025 US Employment Report: Locking In A September Cut
The August US jobs report pointed to labour market momentum continuing to wane, keeping the FOMC on track for a 25bp cut later in the month.
Markets Plod Along Into August Jobs Report
Thursday proved a rather dull day as markets largely took the path of least resistance amid a lack of major catalysts, and as conviction remained lacking into today’s US jobs report, which may not be as consequential as most expect.
Markets Steady As Duration Sell-Off Stalls
Calmer tones prevailed yesterday as stocks gained, and long-end govvies steadied across DM, though gold continued to charge higher. Today, the ISM services survey highlights the docket.
September 2025 ECB Preview: The Cycle Is Done & Dusted
Having stood pat at the July meeting, the ECB’s Governing Council are again set to hold steady at the conclusion of the September confab, with the easing cycle likely having now come to an end.
Markets Liven Up As September Gets Going
Stocks slipped, DM govvies sold-off, the dollar advanced, and gold notched a new record high on Tuesday, as September properly got underway. Today, PMIs, JOLTS, and BoE speakers are in focus.
Here We Go Again With UK Fiscal Fears
UK fiscal fears have resurfaced once more as September gets underway, with Gilts pressured across the curve, and the GBP selling-off as well.
Sluggish Trade On Labor Day
A subdued day for markets, yesterday, with US desks out for Labor Day. Today, the latest eurozone inflation data, and the US ISM manufacturing survey, highlight the docket.
Preview For The August 2025 US Jobs Report
As usual, the first Friday of the month brings our latest read on the health of the US labour market, with the figures set to be closely watched after Fed Chair Powell’s pivot at the Jackson Hole Symposium cemented expectations for a 25bp September rate cut.
Lots Of Noise, But Little To Move The Needle
A deluge of noise, from a Fed pivot, to a Fed firing, and political shambles on this side of the pond, has dominated the last week, but little has moved the needle overall. This week, the latest US jobs report highlights the docket.
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1. Data for the Pepperstone Group, correct as at October 2025.