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From the Floor: Markets expect dovish hike from June 14 FOMC
Financial markets widely expect the US Federal Reserve to raise interest rates on Wednesday, but the hike will be a dovish one, says Saxo Bank's FX strategy chief John Hardy. FX markets are waiting for UK government's position on Brexit to take shape following the Tories' humiliating election defeat, which could set GBP up for a rally as the chances of a "soft Brexit" have increased.
16:21 minutes
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