Weekly Market Update : 8th August 2022

August 8, 2022
Molly Stead
Market Updates

It was the Bank of England’s turn this week to raise interest rates aggressively, following aggressive hikes by the European Central Bank and the Federal Reserve in recent weeks. Strong jobs data coming out of the US suggests that central banks may have to continue their aggressive hikes. Tensions between US and China escalated last week weighing on investor sentiment.

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