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Reply to "Why is the market so reactive to "empty" statements?"
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[quote=Anonymous]“Today’s drama in the markets shows that the Bank of England should “sit tight” rather than react rapidly to events in the Middle East, says Professor Costas Milas, of the University of Liverpool’s management school. Prof Milas tells us: Trump’s predictably unpredictable post is puzzling. Having repeatedly stated that there is nobody to negotiate with, now Trump reveals that negotiations have taken place. All this creates large swings in financial markets and notably so in market expectations of UK interest rates. At the start of the war, money markets predicted no interest rate changes.” A voice of reason! I don’t know why anyone thinks trump can tell the truth. [/quote]
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