How hard could the bond market crash?

Markets enjoyed a great end to the week last week. The US dollar eased off as the Federal Reserve came out with a “dovish” interest rate rise – a weaker US dollar puts most asset classes in a good mood, as it basically equates to looser monetary policy for the world.

Meanwhile, the pound managed to hang on in there through the ups and downs of Brexit, Scoxit, and Budget U-turns, mainly because one voter on the Monetary Policy Committee thought that raising interest rates might be a good idea

And even the euro picked up as Dutch voters [...]

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