Markets shaken by BoE and ECB meetings
The BoE raised its base rate by 25bp, which was expected. What was less expected was that it almost raised it by 50bp and announced that it…
Global stocks continue to rise and so do commodity prices and bond yields, while the Bitcoin is nearing $50000. Risky assets are pushed higher by a mix of confidence in the future economic recovery and speculation in a context of over-abundant liquidity. The reopening of US financial markets will test this optimism today. The EUR/USD is almost stable near 1.2130-40.
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