Financial Markets Review

The pound was under strong selling pressure this week, falling to a 23-year low against the dollar and a record low versus the yen.Heightened volatility saw the yen and US$ both gain on safe haven flows this week.
 

Sterling wilts as UK recession is confirmed

 

The pound was under strong selling pressure this week, falling to a 23-year low against the dollar and a record low versus the yen.

 

Heightened volatility saw the yen and US$ both gain on safe haven flows this week.

 

The euro failed to take advantage of better than expected euro zone data as continuing fears about the economic health of its members cast a heavy cloud.

 

Rising govt liabilities and comments by US Treasury Secretary-designate Gethner lead to a sell-off in bonds, though weak data push short-term European market rates lower.
 

 

Full Report

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