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Falling pound, the Queen’s funeral and is 0.5 on the Richter scale a big number?

More or Less: Behind the Stats

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Are We Paying Too Much Attention to the Dollar?

There were big movements on friday the 20 third, the day of the minnie budget. But i think the more important moves in financial markets have been in the guilt market - that's the market for british government debt. That's what financial markets expect the bank of england to do with its own base rate. The kind of increases that financial markets are now expecting in interest rates will make a really meaningful, material difference to the economic outlook.

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