Financial markets review by Lloyds TSB

The divergence between eurozone and UK data weighed heavily on EUR/GBP. Strong economic data supported SEK as the strongest G-10 currency this week.

Bond yields fall sharply, following the release of US GDP

The divergence between eurozone and UK data weighed heavily on EUR/GBP. Strong economic data supported SEK as the strongest G-10 currency this week.

The Reserve Bank of New Zealand warned that NZD strength is not supportive of economic growth.

Despite a less severe contraction in headline US Q2 GDP than forecast, weaker-than-expected personal consumption and downward revisions to past growth resulted in sharp falls in bond yields and swap rates.

Full Report