• It has been another week of big moves across financial markets, with growing fears of recession the main catalyst....
• Amidst all this turmoil, the ever reliable US dollar in times of stress, remains in the ascendancy.....
• Markets are coming to the view that there may be only a limited tightening of monetary policy in many economies...
• The Fed raised rates by 75bps in June, partly due to a further spike higher in CPI inflation...
• In the US, retail sales and industrial production data for June are due....
• In the UK, the main release of note will be the monthly reading of GDP for May....

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