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With GDP flat in Q4, the UK has avoided falling into a technical recession. But there is little to cheer for GBP as sluggish performance looks set to continue.
In his bi-annual congressional testimony, Fed Chair Powell cut a hawkish figure. With the prospect of rates higher for longer, yields and the USD have soared.
With Russia restricting its oil supply, oil volatility has been picking up. This is set to increase further as traders look ahead to crucial US inflation data.
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