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Bailey: Opening remarks at the 50th anniversary of the London Foreign Exchange Joint Standing Committee
November 1973 was quite a month. President Nixon, just weeks from his impeachment, insisted to a press conference of 400 journalists that he was not a crook. Meanwhile, the Yom Kippur war and the OAPEC oil embargo that followed had triggered an energy crisis. As Henry Kissinger took his ‘shuttle diplomacy’ across the Middle East, the UK government – already mired in labour disputes across the coal and electricity sectors – was forced to declare a state of emergency. It wasn’t all doom and gloom though: an estimated half a billion people watched the wedding of Princess Anne and Mark Phillips; ‘Last of the ... (full story)
Added at 10:10am
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BOE GOV. BAILEY: EXCHANGE RATES CAN BUFFER AGAINST SHOCKS.
— Breaking Market News (@financialjuice) November 29, 2023