Another lacklustre session with volumes low (down 15-20% vs yesterday’s already subdued levels) as investors again tussle with what will decide the direction for a pretty directionless market. There had been hope that the BoE might help give some excitement on a dull day but everything there pretty much bang in line with expectations. With most indices sitting almost exactly where they were 10 days ago you can see why a lot of people are staying on the sidelines at the moment trying to ignore the market noise. Quarter end expiries tomorrow might help volume but it's looking like a quiet afternoon ahead.
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