Yen Absorbs US Equity Rout Flow

Special report: UK Employment – Watch the Wages

The Pound has enjoyed a nice run in recent weeks, with the price action suggesting worst case Brexit scenarios have been priced out. The market is starting to think about BOE rate hikes, which would be supportive of the Pound. But the BOE is unlikely to push in this direction if wage growth remains subdued.

Next 24 hours: Yen Absorbs US Equity Rout Flow

FX took a back seat to stocks on Wednesday, with the US equity market taking centre stage as it felt the pain of this latest swirl of White House controversy. Of course, if there was going to be a currency to absorb a lot of this flow, it was going to be the Yen, which rallied by about 1.50% on the day.

Global FX Insights Next 24 hours   LMAX Exchange  

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