A question for the folk that have been in the markets for a while.
So far the US have rallied on interest rate cuts and now the UK has cut rates for the first time in 2 years and the market has taken a hit. Does this mean that the interest rate cut honeymoon is over? If BB cuts 0.5 next week, does that mean the US will finally fall on bad news?
Yes the FTSE didn't fall large but the rate cut certainly took the wind out of it's sails in a hurry.
thursday trading, page-69
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