Weekly Financial Market Analysis by Lloyds TSB

‘Safe haven’ currencies pared back recent gains this week as global equities rebounded.

BoE starts quantitative easing policy

‘Safe haven’ currencies pared back recent gains this week as global equities rebounded.

The pound weakened against the $ and euro as the Bank of England started quantitative easing.

The Swiss franc fell sharply this week after the SNB cut interest rates to 0.25% and also intervened to weaken the currency.

Weak economic data from Japan are increasingly weighing on the yen.

Rebounding equities support bond yields, but gilt yields fell as the UK starts quantitative easing.

Full Report