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MNI: Following flight to quality bid over the last...>

MNI, NEWS
MNI: Following flight to quality bid over the last couple of trading days due to
sharp fall in Turkish Lira, MNI PINCH sees markets pricing in a slower pace of
interest rate hikes at the Fed, ECB and the BoE, compared to 1 week ago. US
Markets still see Fed raising rates in September but have reduced odds of a 4th
rate hike in December. While European markets have pushed timing of first 15bp
rate hike to January 2020 from Dec. In The UK the timing of the next BoE rate
hike has slipped to February 220 from August 2019. See MNI PINCH email for full
details or contact us for access.

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