CFDs
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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.
There has been a settling of USD gains overnight as major forex, commodities and indices have seen a mild improvement in risk appetite. However, GBP continues to trade with elevated volatility on the Bank of England’s moves in the bond market.
After the huge risk recovery moves on major markets in the early part of the week, there is more of a sense of caution this morning. This comes as key barriers to recovery are being tested.
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