Surveillance: UK Market Selloff Slams Gilts, Pound
Bloomberg Surveillance
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The Uk Current Account Balance Matters Nus
Inflation expecations before this recent fiscal intervention might provide a good guide. You'd be looking at about two and a half, two point six % on a five year break even. That's high inflation a but it's not incredible inflation. It probably justifies the bank raising interust rates a little north of three%. So that's the thing to focus on here. My study is that current account balances matter nus. And it's something the media doesn't talk about alot.
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