European stocks struggle for direction, sterling recovers after BoE warning

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European stocks struggle for direction, sterling recovers after BoE warning
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Asia stumbles as China COVID, sterling wobbles shake sentiment

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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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