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Stocks and currency rise in market pricing in roughly 50% chance of a rate cut
Default rate for US junk-rated energy groups hit record after pair pushed into default
Governor had declared a moratorium on obligations due on May 1
Research paper says there is evidence of ‘informed trading’ ahead of economic releases
Financial activity would relocate out of London, says leading economist Lemoine
How did a small island of just 3.5m people amass $70bn of liabilities?
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