The financial markets are looking forward to a day of turmoil. The London Stock Exchange fell 129 points on Friday and to US Dollar looks under pressure from both the Yen and the Euro. The underlying fear is that interest rates need to rise to choke off inflationary pressures in both the US and Europe. Long term bond yields are now rising on both sides of the Atlantic.
To read the Daily Telegraph report on the subject, click on the post title.
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