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Market Confidence in Ruins
The Bank of England overnight published their twice-yearly Financial Stability Report, spooking markets and sending the British Pound to fresh lows. “There is evidence that some risks have begun to crystallise. The current outlook for UK financial stability is challenging.” You can find the full Financial Stability Report on the BoE website at that link, and can even watch the press conference in full on YouTube. 2016, I know. What a time to be alive. One major headline printer has been Carney lowering the amount of capital that banks are required to hold in reserve. The idea here is that an extra £150 billion ... (full story)
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