MM119: When 'good' news is 'bad' news for markets & Are OPEC+ fighting a losing battle?
Market Maker
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The Financial Conduct Authority's Meeting on House Prices
House prices dropped 2.6% year in year in June, but annualized they were up 10%. Banks are being incredibly slow to increase the interest rate on deposit accounts. The financial conduct authority got them together yesterday and said: look, you need to raise the rates on your deposit accounts. It's actually quite frankly, it's disgusting.
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