Financial Markets Review by Lloyds TSB

Sterling fell against the US dollar and euro, ahead of next week’s BoE MPC meeting which may signal the start of quantitative easing.

 

Sterling fell against the US dollar and euro, ahead of next week’s BoE MPC meeting which may signal the start of quantitative easing.

 

The yen underperformed, following the release of very weak Japanese data, but the Czech and Polish currencies were among gainers.

 

Equities fell again this week, though gold fell back from $1000 and oil prices rose to $45.

 

Weak US economic data failed to depress the dollar, while bond yields rose on supply concerns, pulling sterling and euro yields higher. UK 5yr swaps rose further above 3%.
 

 

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