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Trader thoughts - we move past central bank super week and what's the trade?
We move past central bank super week, having learnt enough, where more of the macro jigsaw pieces are added to provide confidence that the market's vision priced for 2023 is on track – the wash-up is that the BoE meeting was dovish, and the ECB is now firmly open-minded and data-dependent, and the Fed chose not to fight the market and the market feels validated by that.
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*All spreads are generated from data between 01/12/2022 and 30/12/2022