Financial Markets Review by Lloyds TSB

The pound made limited further headway this week following mixed UK economic data. Volatility levels fell gradually over the week, reflecting the tighter trading ranges seen in £/$ and £/€.

The pound made limited further headway this week following mixed UK economic data. Volatility levels fell gradually over the week, reflecting the tighter trading ranges seen in £/$ and £/€.

In emerging markets, the Chilean peso bucked the broader trend to strengthen against the USD as the government announced additional repatriation of its international assets.

Concerns about the sustainability of ‘green shoots’ of recovery weighed on market rates, but strong US data helped bond yields recover.

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