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After not even a day of respite, risk assets are being sold off once more and the USD is a tower of strength. Geopolitical risk and rising bond yields are again key factors.
There were positive signs for risk appetite yesterday as weakness was bought into. This could be an important shift in market sentiment as we come towards the end of another volatile week.
Huge volatility in major markets continued on Friday and into the new trading week. GBP is especially being targeted. Elsewhere there is an initial sense of settling. However, elevated levels of volatility are likely to continue in due course.
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