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UK Budget Preview

++ Coronavirus has changed the timing of the government’s plans. There will be a big fiscal stimulus but not all of it tomorrow. They must meet expectations then exceed them once the economic hit is clearer.

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It All Comes To Nought Before The Open

++ Changes to exchange rules were designed to reduce trading halts. That means we can hit the circuit breakers much quicker. ETFs tracking mechanism means that more liquid markets are hit first.

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