The GBP continues its descent |
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Today’s comment Majors & Scandies By the Majors & Scandis Team Yesterday the GBP pared most of the gains made ahead of the weekend as details of the scheme to relive tensions in credit markets in the UK were released. According to the scheme banks are allowed to swap certain assets for safer government bonds for up to three years. Banks can then use these bonds raise the liquidity they need. However banks who wish to make the asset swap will be required to pay a fee corresponding to
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