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SURVpodcast_12-01-22_1

Bloomberg Surveillance

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Can Sterling Be a Risk Off Hedge?

All of the major currency pairs have been big gainers in the past month versus the dollar. But are people getting ahead of themselves with this idea of fading inflation and a Fed that's going to somehow respond to that? I mean, could this really whipsaw in the other direction based on positioning? I think it really could, Lisa. But not now. We could have a view about what could happen in Q2 or Q3 next year but the markets don't trade that just yet sometimes.

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