The US-Iran peace deal will give the markets some breathing space

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Willem Sels, global CIO of HSBC Private Bank and Premier Wealth, says that the signing of a peace deal between the U.S. and Iran won’t immediately resolve the real economic effects that are already filtering through, and that this will ultimately lead to mark-to-market volatility, but not a market correction. He also discusses his outlook on central bank rate policy ahead of the FOMC and BOJ decisions.