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(2/2): ...But the second and probably more......>
ECB: (2/2):
...But the second and probably more important reason for the developments we've
seen is the overall uncertainty. One has the sense that some how the lower
likelihood of a hard Brexit has improved the overall situation. On the other,
the medium-term uncertainty is still there, geopolitical uncertainty has
continued to affect markets.
So I would read the market developments in this way. I don't think the market
misread - actually the market showed that they understood perfectly well our
reaction function.
To read the full story
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.