Financial Trading
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The emergency sale of Credit Suisse to rival UBS over the weekend is aimed at helping to restore confidence, but fears are growing over wider concerns.
USD has been strengthening significantly, whilst GBP has been under mounting selling pressure. The Fed might cause some volatility but the outlook for GBP/USD is looking precarious.
With the Fed into its blackout period and a lack of tier one US data this week, there is still a legacy from last Friday that hints at a USD correction. Fears of corporate layoffs in the US dent an indices recovery.
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