The WTI oil price has now registered a 13.50% decline in a matter of just seven days in a move deemed to be "too fast, too furious" by energy analysts at Barclays.
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Crude oil's u-turn could put it on track for a downside test of $75 a barrel according to a new analysis made in the wake of recent price action.
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The rise in longer-term bond yields is widely credited for recent market jitters and a rise in the Dollar.
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A Bank of America survey of UK consumers shows an uptick in confidence this September, amidst a steadying unemployment rate and expectations for improved personal finances.
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The ONS upgraded its previous estimates for the growth in the UK economy following the introduction of more accurate measurements and revealed households saw an uptick in real disposable income.
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A monthly survey of UK businesses reveals that firms continue to expect to raise prices and offer wage increases, evidence that domestic inflationary pressures will likely remain elevated.
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The rally in bonds that has powered the U.S. Dollar higher can continue according to fixed income strategists at Bank of America.
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