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Title
Markets and operations.
Abstract
The article examines the developments in financial markets in Great Britain between the fourth quarter of 2015 and March 3, 2016. Topics covered include the operations of the European Central Bank within the Sterling Monetary Framework, how the Federal Open Market Committee tightened U.S. monetary policy, and a decline in the overnight index swap rates in Great Britain between November 27, 2015 and March 3, 2016.