Financial Markets Review

Gilt yields surge after record borrowing projections in Budget 2009
UK Budget 2009 showed public borrowing rocketing to above 12% (£175bn) of the economy in the current fiscal year, sending gilt yields sharply higher and sterling lower .

Gilt yields surge after record borrowing projections in Budget 2009
UK Budget 2009 showed public borrowing rocketing to above 12% (£175bn) of the economy in the current fiscal year, sending gilt yields sharply higher and sterling lower .

The euro was buoyed this week by surveys showing the worse of the regional economic downturn may have passed.

Rising equities and a weak set of labour market and housing data undermined the US$ this week.

The Swedish krona was the best performing currency this week after the Riksbank cut interest rates by less than expected.

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