FX Weekly: 25th October 2010
PBoC rate hike spooked the ongoing risk rally, but only temporarily.
USD recovered some ground alongside a wave of profit taking in Gold
European PMI’s show a continued loss of momentum in European sentiment
Spending review in the UK was in line with expectations but still managed to help Sterling pairs and ensured confidence in the coalition government was kept. Higher than expected government borrowing figures underline the importance of remaining cautious
G20 meetings prove largely uneventful
USD recovered some ground alongside a wave of profit taking in Gold
European PMI’s show a continued loss of momentum in European sentiment
Spending review in the UK was in line with expectations but still managed to help Sterling pairs and ensured confidence in the coalition government was kept. Higher than expected government borrowing figures underline the importance of remaining cautious
G20 meetings prove largely uneventful
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