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Powell expected to speak
Minutes of July policy meeting
Discounts now ‘historically wide’
Retail and food sales rose 3.2%
US and UK recession on the horizon
Inflation has begun to ease
5.5% terminal rate for BoE
Yields around 5%
Markets price in 5.7% peak rate
Highest since February 2008
21 August 2023
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3 min read
