European stocks struggle for direction, sterling recovers after BoE warning

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Asia stumbles as China COVID, sterling wobbles shake sentiment

Britain's economy unexpectedly shrank in August, GDP data showed.

"It's just another nail in the coffin with regards to sentiment and market sentiment has really taken a hit over the last few days," he said. UK gilt yields were up across a range of maturities, with 2-year yields seeing the sharpest increase.were also up, tracking the weakness in the UK gilts market.

 

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