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UK inflation not only remaining above 10% but also increasing gives the Bank of England a headache ahead of Thursday’s rates decision. GBP is strengthening.
MENA investors have taken a hit from the collapse of Credit Suisse. However, the shares of Saudi National Bank have managed to bounce back.
It is a quieter week on the economic calendar with the ISM Services the only significant US data. Elsewhere there are several central bank rates decisions including the RBA and the BoC.
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