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Bank of England’s Super Thursday to drive sterling volatility
It is Super Thursday for the Bank of England and this is likely to drive volatility for sterling and possibly some direction for Cable. As it has done for the past couple of days, the US dollar continues to chop around the and markets are increasingly uncertain. Moves on forex markets have lacked direction for a couple of days now as the dollar has been unable to maintain the traction in its recovery and come up against profit taking against the yen. All the while though, Treasury yields have been falling as fears over global growth continue. Some of the big retailers announced earnings in the US yesterday with ... (full story)
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