Editorial Research Index
Institutional briefings & primary regulatory analysis
Peer-reviewed research dossiers, quantitative market structure briefings, and statutory compliance analysis published by FXMacro Wire.
- Published briefings
- 134
- Thematic pillar hubs
- 8
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- 100%
All published briefings
GBP/USD & GBP/EUR Bank of England 3.75% Bank Rate Carry: Policy Rate Differential & OIS Forward Curve Breakdown (+125 bps GBP-EUR Policy Spread Benchmark)
GBP/USD & GBP/EUR Bank of England 3.75% Bank Rate Carry (GBPUSD-SONIA-BOE) stands at +125 bps (GBP-EUR Policy Spread) (Source: Bank of England MPC, 2026-10-20), governing overnight RFR spreads (SOFR, €STR, SONIA, TONA, S
GBP/USD & GBP/EUR Bank of England 3.75% Bank Rate Carry: 3-Month & 12-Month Institutional FX Hedging Cost Analysis (+125 bps GBP-EUR Policy Spread Benchmark)
GBP/USD & GBP/EUR Bank of England 3.75% Bank Rate Carry (GBPUSD-SONIA-BOE) stands at +125 bps (GBP-EUR Policy Spread) (Source: Bank of England MPC, 2026-10-20), governing hedged sovereign bond pickup for European and Jap
GBP/USD & GBP/EUR Bank of England 3.75% Bank Rate Carry: Quarter-End Cross-Currency Basis Swap Turn & USD Funding (+125 bps GBP-EUR Policy Spread Benchmark)
GBP/USD & GBP/EUR Bank of England 3.75% Bank Rate Carry (GBPUSD-SONIA-BOE) stands at +125 bps (GBP-EUR Policy Spread) (Source: Bank of England MPC, 2026-10-20), governing G-SIB balance-sheet window dressing and synthetic
GBP/USD & GBP/EUR Bank of England 3.75% Bank Rate Carry: Sovereign Central Bank Reserve Manager Rebalancing Flows (+125 bps GBP-EUR Policy Spread Benchmark)
GBP/USD & GBP/EUR Bank of England 3.75% Bank Rate Carry (GBPUSD-SONIA-BOE) stands at +125 bps (GBP-EUR Policy Spread) (Source: Bank of England MPC, 2026-10-20), governing IMF COFER quarterly currency share shifts and sup
GBP/USD & GBP/EUR Bank of England 3.75% Bank Rate Carry: Carry-to-Volatility Ratio & Implied FX Skew Positioning (+125 bps GBP-EUR Policy Spread Benchmark)
GBP/USD & GBP/EUR Bank of England 3.75% Bank Rate Carry (GBPUSD-SONIA-BOE) stands at +125 bps (GBP-EUR Policy Spread) (Source: Bank of England MPC, 2026-10-20), governing 25-delta risk reversals, 1-month ATM implied vol,
GBP/USD & GBP/EUR Bank of England 3.75% Bank Rate Carry: BIS Triennial OTC Spot, Outright Forward & FX Swap Liquidity (+125 bps GBP-EUR Policy Spread Benchmark)
GBP/USD & GBP/EUR Bank of England 3.75% Bank Rate Carry (GBPUSD-SONIA-BOE) stands at +125 bps (GBP-EUR Policy Spread) (Source: Bank of England MPC, 2026-10-20), governing dealer-to-financial-customer execution volumes an
GBP/USD & GBP/EUR Bank of England 3.75% Bank Rate Carry: Real Effective Exchange Rate (REER) & Terms-of-Trade Valuation (+125 bps GBP-EUR Policy Spread Benchmark)
GBP/USD & GBP/EUR Bank of England 3.75% Bank Rate Carry (GBPUSD-SONIA-BOE) stands at +125 bps (GBP-EUR Policy Spread) (Source: Bank of England MPC, 2026-10-20), governing BEER/FEER equilibrium misalignment and 10-year re
GBP/USD & GBP/EUR Bank of England 3.75% Bank Rate Carry: FX Reserve Intervention Thresholds & Standing Swap Line Backstops (+125 bps GBP-EUR Policy Spread Benchmark)
GBP/USD & GBP/EUR Bank of England 3.75% Bank Rate Carry (GBPUSD-SONIA-BOE) stands at +125 bps (GBP-EUR Policy Spread) (Source: Bank of England MPC, 2026-10-20), governing sterilized vs. unsterilized intervention mechanic
USD/CHF & EUR/CHF Swiss National Bank 0.00% Rate Floor: Policy Rate Differential & OIS Forward Curve Breakdown (0.00% SNB Policy Rate Benchmark)
USD/CHF & EUR/CHF Swiss National Bank 0.00% Rate Floor (USDCHF-SARON-SNB) stands at 0.00% (SNB Policy Rate) (Source: Swiss National Bank, 2026-10-20), governing overnight RFR spreads (SOFR, €STR, SONIA, TONA, SARON) and
USD/CHF & EUR/CHF Swiss National Bank 0.00% Rate Floor: 3-Month & 12-Month Institutional FX Hedging Cost Analysis (0.00% SNB Policy Rate Benchmark)
USD/CHF & EUR/CHF Swiss National Bank 0.00% Rate Floor (USDCHF-SARON-SNB) stands at 0.00% (SNB Policy Rate) (Source: Swiss National Bank, 2026-10-20), governing hedged sovereign bond pickup for European and Japanese real
USD/CHF & EUR/CHF Swiss National Bank 0.00% Rate Floor: Quarter-End Cross-Currency Basis Swap Turn & USD Funding (0.00% SNB Policy Rate Benchmark)
USD/CHF & EUR/CHF Swiss National Bank 0.00% Rate Floor (USDCHF-SARON-SNB) stands at 0.00% (SNB Policy Rate) (Source: Swiss National Bank, 2026-10-20), governing G-SIB balance-sheet window dressing and synthetic dollar bo
USD/CHF & EUR/CHF Swiss National Bank 0.00% Rate Floor: Sovereign Central Bank Reserve Manager Rebalancing Flows (0.00% SNB Policy Rate Benchmark)
USD/CHF & EUR/CHF Swiss National Bank 0.00% Rate Floor (USDCHF-SARON-SNB) stands at 0.00% (SNB Policy Rate) (Source: Swiss National Bank, 2026-10-20), governing IMF COFER quarterly currency share shifts and supranational
USD/CHF & EUR/CHF Swiss National Bank 0.00% Rate Floor: Carry-to-Volatility Ratio & Implied FX Skew Positioning (0.00% SNB Policy Rate Benchmark)
USD/CHF & EUR/CHF Swiss National Bank 0.00% Rate Floor (USDCHF-SARON-SNB) stands at 0.00% (SNB Policy Rate) (Source: Swiss National Bank, 2026-10-20), governing 25-delta risk reversals, 1-month ATM implied vol, and CFTC
USD/CHF & EUR/CHF Swiss National Bank 0.00% Rate Floor: BIS Triennial OTC Spot, Outright Forward & FX Swap Liquidity (0.00% SNB Policy Rate Benchmark)
USD/CHF & EUR/CHF Swiss National Bank 0.00% Rate Floor (USDCHF-SARON-SNB) stands at 0.00% (SNB Policy Rate) (Source: Swiss National Bank, 2026-10-20), governing dealer-to-financial-customer execution volumes and algorith
USD/CHF & EUR/CHF Swiss National Bank 0.00% Rate Floor: Real Effective Exchange Rate (REER) & Terms-of-Trade Valuation (0.00% SNB Policy Rate Benchmark)
USD/CHF & EUR/CHF Swiss National Bank 0.00% Rate Floor (USDCHF-SARON-SNB) stands at 0.00% (SNB Policy Rate) (Source: Swiss National Bank, 2026-10-20), governing BEER/FEER equilibrium misalignment and 10-year real yield d
USD/CHF & EUR/CHF Swiss National Bank 0.00% Rate Floor: FX Reserve Intervention Thresholds & Standing Swap Line Backstops (0.00% SNB Policy Rate Benchmark)
USD/CHF & EUR/CHF Swiss National Bank 0.00% Rate Floor (USDCHF-SARON-SNB) stands at 0.00% (SNB Policy Rate) (Source: Swiss National Bank, 2026-10-20), governing sterilized vs. unsterilized intervention mechanics and cent
BIS $9.6 Trillion Global OTC Foreign Exchange Turnover Benchmark: Policy Rate Differential & OIS Forward Curve Breakdown ($9.6T Daily OTC Volume Benchmark)
BIS $9.6 Trillion Global OTC Foreign Exchange Turnover Benchmark (BIS-FX-SWAPS-96T) stands at $9.6T (Daily OTC Volume) (Source: BIS Triennial Survey, 2026-10-20), governing overnight RFR spreads (SOFR, €STR, SONIA, TONA,
BIS $9.6 Trillion Global OTC Foreign Exchange Turnover Benchmark: 3-Month & 12-Month Institutional FX Hedging Cost Analysis ($9.6T Daily OTC Volume Benchmark)
BIS $9.6 Trillion Global OTC Foreign Exchange Turnover Benchmark (BIS-FX-SWAPS-96T) stands at $9.6T (Daily OTC Volume) (Source: BIS Triennial Survey, 2026-10-20), governing hedged sovereign bond pickup for European and J
BIS $9.6 Trillion Global OTC Foreign Exchange Turnover Benchmark: Quarter-End Cross-Currency Basis Swap Turn & USD Funding ($9.6T Daily OTC Volume Benchmark)
BIS $9.6 Trillion Global OTC Foreign Exchange Turnover Benchmark (BIS-FX-SWAPS-96T) stands at $9.6T (Daily OTC Volume) (Source: BIS Triennial Survey, 2026-10-20), governing G-SIB balance-sheet window dressing and synthet
BIS $9.6 Trillion Global OTC Foreign Exchange Turnover Benchmark: Sovereign Central Bank Reserve Manager Rebalancing Flows ($9.6T Daily OTC Volume Benchmark)
BIS $9.6 Trillion Global OTC Foreign Exchange Turnover Benchmark (BIS-FX-SWAPS-96T) stands at $9.6T (Daily OTC Volume) (Source: BIS Triennial Survey, 2026-10-20), governing IMF COFER quarterly currency share shifts and s
BIS $9.6 Trillion Global OTC Foreign Exchange Turnover Benchmark: Carry-to-Volatility Ratio & Implied FX Skew Positioning ($9.6T Daily OTC Volume Benchmark)
BIS $9.6 Trillion Global OTC Foreign Exchange Turnover Benchmark (BIS-FX-SWAPS-96T) stands at $9.6T (Daily OTC Volume) (Source: BIS Triennial Survey, 2026-10-20), governing 25-delta risk reversals, 1-month ATM implied vo
BIS $9.6 Trillion Global OTC Foreign Exchange Turnover Benchmark: BIS Triennial OTC Spot, Outright Forward & FX Swap Liquidity ($9.6T Daily OTC Volume Benchmark)
BIS $9.6 Trillion Global OTC Foreign Exchange Turnover Benchmark (BIS-FX-SWAPS-96T) stands at $9.6T (Daily OTC Volume) (Source: BIS Triennial Survey, 2026-10-20), governing dealer-to-financial-customer execution volumes
BIS $9.6 Trillion Global OTC Foreign Exchange Turnover Benchmark: Real Effective Exchange Rate (REER) & Terms-of-Trade Valuation ($9.6T Daily OTC Volume Benchmark)
BIS $9.6 Trillion Global OTC Foreign Exchange Turnover Benchmark (BIS-FX-SWAPS-96T) stands at $9.6T (Daily OTC Volume) (Source: BIS Triennial Survey, 2026-10-20), governing BEER/FEER equilibrium misalignment and 10-year
BIS $9.6 Trillion Global OTC Foreign Exchange Turnover Benchmark: FX Reserve Intervention Thresholds & Standing Swap Line Backstops ($9.6T Daily OTC Volume Benchmark)
BIS $9.6 Trillion Global OTC Foreign Exchange Turnover Benchmark (BIS-FX-SWAPS-96T) stands at $9.6T (Daily OTC Volume) (Source: BIS Triennial Survey, 2026-10-20), governing sterilized vs. unsterilized intervention mechan
IMF COFER $13.22 Trillion Sovereign FX Reserve Allocation: Policy Rate Differential & OIS Forward Curve Breakdown (56.70% USD Reserve Share Benchmark)
IMF COFER $13.22 Trillion Sovereign FX Reserve Allocation (IMF-COFER-RESERVES) stands at 56.70% (USD Reserve Share) (Source: International Monetary Fund, 2026-10-20), governing overnight RFR spreads (SOFR, €STR, SONIA, T
IMF COFER $13.22 Trillion Sovereign FX Reserve Allocation: 3-Month & 12-Month Institutional FX Hedging Cost Analysis (56.70% USD Reserve Share Benchmark)
IMF COFER $13.22 Trillion Sovereign FX Reserve Allocation (IMF-COFER-RESERVES) stands at 56.70% (USD Reserve Share) (Source: International Monetary Fund, 2026-10-20), governing hedged sovereign bond pickup for European a
IMF COFER $13.22 Trillion Sovereign FX Reserve Allocation: Quarter-End Cross-Currency Basis Swap Turn & USD Funding (56.70% USD Reserve Share Benchmark)
IMF COFER $13.22 Trillion Sovereign FX Reserve Allocation (IMF-COFER-RESERVES) stands at 56.70% (USD Reserve Share) (Source: International Monetary Fund, 2026-10-20), governing G-SIB balance-sheet window dressing and syn
IMF COFER $13.22 Trillion Sovereign FX Reserve Allocation: Sovereign Central Bank Reserve Manager Rebalancing Flows (56.70% USD Reserve Share Benchmark)
IMF COFER $13.22 Trillion Sovereign FX Reserve Allocation (IMF-COFER-RESERVES) stands at 56.70% (USD Reserve Share) (Source: International Monetary Fund, 2026-10-20), governing IMF COFER quarterly currency share shifts a
IMF COFER $13.22 Trillion Sovereign FX Reserve Allocation: Carry-to-Volatility Ratio & Implied FX Skew Positioning (56.70% USD Reserve Share Benchmark)
IMF COFER $13.22 Trillion Sovereign FX Reserve Allocation (IMF-COFER-RESERVES) stands at 56.70% (USD Reserve Share) (Source: International Monetary Fund, 2026-10-20), governing 25-delta risk reversals, 1-month ATM implie
IMF COFER $13.22 Trillion Sovereign FX Reserve Allocation: BIS Triennial OTC Spot, Outright Forward & FX Swap Liquidity (56.70% USD Reserve Share Benchmark)
IMF COFER $13.22 Trillion Sovereign FX Reserve Allocation (IMF-COFER-RESERVES) stands at 56.70% (USD Reserve Share) (Source: International Monetary Fund, 2026-10-20), governing dealer-to-financial-customer execution volu