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The problem of stagflation fears for the UK economy are now setting in, causing the GBP to tumble even though the terminal rate for GBP is now expected shy of 6% - a considerable increase from its current level.
The Bank of England has joined the Fed in hiking by 75 basis points. However, this looks to be a dovish hike amid dissenting voters and a bid to rein in market expectations.
An economic calendar lists upcoming events that may influence securities and financial markets, such as company reports, economic data & central bank announcements.
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