FX Weekly: 13th September 2010
First week after summer holiday lull failed to spur clear market direction leaving most asset classes in range trading mode
Across the board EUR weakness resumed alongside uncertainty over banks in the European periphery and peripheral sovereigns that must raise significant amounts of funding by the end of 2010
Sterling pairs were broadly lower as chances of policy tightening disappeared over the horizon. Market expectations see the next BoE rate hike in mid-2011.
New Basel III financial rules were in line with expectations while extreme leniency over their implementation has given banking stocks and equities in general a boost in early trade today
Across the board EUR weakness resumed alongside uncertainty over banks in the European periphery and peripheral sovereigns that must raise significant amounts of funding by the end of 2010
Sterling pairs were broadly lower as chances of policy tightening disappeared over the horizon. Market expectations see the next BoE rate hike in mid-2011.
New Basel III financial rules were in line with expectations while extreme leniency over their implementation has given banking stocks and equities in general a boost in early trade today
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