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The data out of Europe and the UK today was certainly painting an ugly picture, with a full set of data missing across the board.
The picture of the outlook for central banks moving into 2023 is becoming a little clearer. As markets move towards the end of a tumultuous week the USD is emerging as a winner, whilst risk appetite has soured.
With a deluge of central bank decisions, major markets have been buffeted higher and lower throughout the week. The wild ride continues on Friday morning, with the USD strengthening once more and indices trying to rebound.
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