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The Bank of England’s decision to buy UK Gilts to defend against mounting systemic risk helped to settle market fears initially. However, the sellers are once more flexing their muscles this morning.
As US yields have picked up again in recent days there has been a threat that the previous trends resume. The USD is threatening to regain traction, whilst the recovery in equity markets is being questioned.
With concerns over the US banking crisis, the Federal Reserve has hinted that the latest rate hike may be the last. The USD is under renewing selling pressure.
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