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Terrorism hits UK again but markets appear minimally impacted
Moving into the final week before the UK election, traders also have to take into account the impact of yet another terrorist related incident in the UK in the past three months and the second attack of the election campaign. Initially is seems as though markets have been minimally impacted, with sterling barely more than a dozen ticks lower, whilst the FTSE 100 is higher (the negative correlation trade seems to be still working). So perhaps this is a sign of the calm before the storm of the election. There is a mild dollar positive reaction today with the US 2 year yield recovering from a decline in the wake of a ... (full story)