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Tension rises before the Fed’s decision

The hype surrounding the Fed reaches a higher gear today as the much awaited September meeting gets underway ahead of the announcement of their decision on interest rates tomorrow. Yesterday’s revision higher of July’s retail sales gave the dollar a boost, with Treasury yields spiking as the remaining few market participants that are expecting a [&hellip

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GBP/CHF Disconnect

The decline in global economic demand seems to be catching up to the UK economy. On 9 September the Office for National Statistics reported ‘total production output’ increased 0.8%; the best performance was from ‘mining and quarrying’ at  6.7% whereas manufacturing declined 0.8%; a 0.5% year over year; machinery and equipment declined 15.9%   Overall, industrial [&hellip

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