Daily Snapshot

Daily Snapshot – 3 November 2022

Another day when Central banks took centre stage. Oh and how we have missed them….right? Following on from the Hawkish Powell yesterday who dispelled any thoughts of a pivot in the near term we had a deluge more from the BoE, Norges Bank and had a raft of ECB speakers to fill the diary today. The BoE stepped up and raised by 75bps in a vote 7-2 with one voting 25bp (!?) and one voting 50bp which was slightly strange.

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