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The British pound retreats from daily highs amid increasing tensions in Eastern Europe. At the time of writing, the GBP/USD is trading at 1.3614, up s
A taxing Friday Posted 4 hours agoSharePrint A wave of risk aversion swept US markets overnight after US President Biden signalled his intention to increase capital gains tax on high-income earners massively. That undid the excellent work of the US weekly Initial Jobless Claims, which unexpectedly retreated for the second week in a row to 547,000. Despite the spike in Covid-19 cases in parts of the US, the jobless claims data suggest that recovery momentum in America continues to accelerate. Of course, what President Biden wants, and what he will get, could be two totally different things, es...