MORNING SLICES (Abbreviated) Fundys – The lack of economic releases in the overnight session failed to prevent the markets from moving significantly with currencies selling off across the board in favor of the flight to safety lure of the Yen and USD .
The Pound fell over 200 pips following a report that the BoE will announce additional quantitative easing at their upcoming policy meeting.
JPY traded on a firmer footing, with risk appetite waning amid fresh concerns over the global growth outlook after the recent U.S. employment numbers. Ahead of the G8 meeting the dollar’s reserve status is the subject of fresh debate, which has also encouraged a reduction in risky positions and beneficial for JPY due to a general flight to low yield currencies.
Government debt prices dipped slightly on Tuesday after a couple of economic reports eased the flight-to-quality bid.
Read full story for latest details.
