Financial Trading
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Markets have become more settled in the past few days. A mixed set of FOMC minutes have played into the caution. However, traders will be looking towards today’s US CPI inflation to be the next big risk event that drives sentiment.
UK inflation not only remaining above 10% but also increasing gives the Bank of England a headache ahead of Thursday’s rates decision. GBP is strengthening.
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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