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A strong move higher on Wall Street into the close on Friday has helped to sustain a more positive attitude to risk into the new trading week. It may be Memorial Day in the US, but the risk rally is holding.
This week has been characterised by choppy and indecisive trading. Uncertain markets have been weighing up the implications of the lower US CPI and the pushback from FOMC speakers to a Fed pivot.
After another negative close on Friday, broad sentiment has picked up early this week. The political upheaval continues for the UK, but a new Chancellor is at least providing support for GBP, but it might be short-lived.
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