Another week of wild swings in the financial markets saw the UK take centre-stage. Derek Halpenny, Head of Research Global Markets EMEA and International Securities, provides Shan Husain, Vice President, FI FX Sales, with a view on what might happen next for the pound. A renewed decline seems plausible - especially given the likely continuation of tightening financial conditions globally.
Derek also discusses JPY moves with USD/JPY rebounding notably from the post-intervention lows.
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