It was certainly not a quiet start to the day, with confusion and murkiness around what the next steps from the BoE would be. US futures managed to shrug this off leading into the PPI data release albeit with slightly less follow through after a relative miss on the print. With the market so intently focused on these datapoints as an indication that the FED *might* budge- this did not do the trick. Nor did the FOMC minutes release later in the session which brought more of the hawkish narrative we are quite used to seeing by now.
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