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19 Aug 2013
Flash: All quiet on the western front, GBP fresh highs – TD Securities
FXstreet.com (Barcelona) - Research teams at TD Securites noted a quiet start to the week.
Key quotes:
"The London session was extremely quiet, with no data to speak of and not much of a lead from overnight markets for overall risk sentiment".
"Fixed income continued to sell off across the board, with regular headlines about US and European bond yields hitting their highest levels since 2011-2012".
"G10 FX markets were more of a mixed bag, with AUD and NZD outperforming, which began during the Asian session, and GBP hitting a fresh two-month high, while JPY underperformed and pushed USD/JPY through its overnight highs to just below 98".
Key quotes:
"The London session was extremely quiet, with no data to speak of and not much of a lead from overnight markets for overall risk sentiment".
"Fixed income continued to sell off across the board, with regular headlines about US and European bond yields hitting their highest levels since 2011-2012".
"G10 FX markets were more of a mixed bag, with AUD and NZD outperforming, which began during the Asian session, and GBP hitting a fresh two-month high, while JPY underperformed and pushed USD/JPY through its overnight highs to just below 98".