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Concerns over Ukraine benefit safe havens

Concerns over Ukraine benefit safe havens

The markets are closely observing developments in the Ukraine, specifically Russia’s involvement and the overall impact on investors risk appetite.

In the UK, construction PMI are released this morning and this should give us a further indication of where GBP is heading against the major currencies today.

ECB President Draghi mentioned yesterday that the” risks increase with time inflation remains low”. Draghi’s words boosted ECB speculations.

We’ve also seen Ben Bernanke talking in Abu Dhabi, and even though no longer in the role as Fed Chairman, he’s still toeing the party line and highlighting how the green shoots of recovery are evident in the US economy but there is still a need to remain cautious and learn from previous mistakes.

 

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