A firm start to the week for the S&P 500, finding comfort from an unwind of war trades with gold and oil under notable pressure this morning. Get your market update from JMcQueenFX here:
Bank of England Governor Bailey noted that the MPC’s change in forward guidance, from policy tightening was likely appropriate to saying it may be appropriate, reflected the level of uncertainty and risks faced. The Governor also reiterated that the MPC sees inflation risks in both directions over the longer term outlook, while also flagging risks over the beginning of a growth slowdown.
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