Financial Trading
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Markets have begun to look more cautious as the week draws to a close. US Treasury yields have held up well despite further signs of peak US inflation having been reached. USD is holding ground, whilst indices are tentatively higher and commodities consolidate.
The Bank of England has hiked its Base Rate by 50 basis points. However, a set of worrying economic projections has driven selling pressure on GBP positions.
The actions of both the UK Government and the Bank fo England are reverberating through UK assets such as Gilts and GBP. We look at the impact.
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