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Central Bank Watch: BOE & ECB Interest Rate Expectations Update

CENTRAL BANK WATCH OVERVIEW: Ahead of likely recessions in the UK and the Eurozone, the Bank of England and European Central Bank are poised to raise rates to ward off inflation pressures. The BOE’s inflation fighting task has been complicated, however, by the apparent need for intervention in UK Gilt markets. Retail trader positioning suggests EUR/USD rates have a bearish bias while GBP/USD rates have a mixed bias. AGGRESSIVE HIKES AHEAD OF RECESSIONS In this

MongiIG

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