X-Factor politics

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The Day So Far

Very little news of note to talk about from the weekend press as the market takes stock from the ‘dovish-hike’ delivered from the Fed last week. This was a distinct turnaround from the policy paths the market was anticipating just a week ago as it also comes in the context of the ECB turning less accommodative, with ECB’s Visco adding that the Bank could step away from its commitment to keep interest rates low for a long time after QE ends.