Financial Markets Review by Lloyds TSB

The pound has performed well this week benefiting from positive economic data and broad based USD weakness.

The pound has performed well this week benefiting from positive economic data and broad based USD weakness.

The USD has fallen sharply against commodity currencies this week. Large capital inflows into emerging market equities have supported EM currencies against the USD.

Bonds yields were driven higher by strong US corporate earnings, positive economic data, including UK BRC and RICS surveys, and upward revisions to US growth in the FOMC minutes.

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