Reply To: Traders Market Weekly: Reasoning Inflation and Market Authenticity

03 Aug '23 at 8:50 am #63409

Participant

U.K.’s July Services PMI 51.5, as expected (last 53.7)

The Bank of England raised its bank rate by 25 bps to 5.25% and the market continues expecting that another 25-bps increase will be announced in September.

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