Softer tones observed in early trades – German DAX futures -2.3% – France CAC 40 futures -2.0% – UK FTSE futures -1.5% In part, this reflects the softer tone from US futures –
The market expectations of a rise in the Bank rate to 6.25% should have strengthened the sterling in. However, investors are gradually realizing what aggressive monetary restrictions can lead to. Let
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