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Reflections #17 - EURGBP to follow Gilt-Bund Spread?

Today's positive surprise in UK employment numbers and the disappointing German ZEW signals quite a divergence in current economic activity.

Is the market too bullish on Germany and too negative on UK?

Gilt-Bund spread rose above 200bp for the first time since the mini-crisis in Sep22.

Is EURGBP next to follow lower?


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