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Jawbone

Announcements and statements by politicians or monetary authorities to influence decisions by business, consumer, or trade union sectors, often associated with forecasts and policy implications.

LIFFE

Acronym for the London International Financial Futures Exchange.

Lagging Indicator

A measure of economic activity that tends to change after change has occurred in the overall economy e.g. Consumer Price Index (CPI).

Liquidity

The ability of a market to accept large transactions with no impact on price stability.

Left-hand Side

Taking the left hand side of a two way quote i.e. selling the quoted currency.

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