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Asian Session: BoE Expected to Expand Asset Purchase Program

07/09/09 by Daily Forex Snapshots  
Filed under Forex & Futures

   

G10 Advancers and Decliners vs USD GBP 0.78 EUR 0.57 CHF 0.50 JPY -1.05

The last few day have seen some big move in the risk assets on no particular news or events. Just the general impression that the global recovery will take a bit longer to fully entrench itself. The lack of hard driver supports a short term correction of risky assets, which began to take shape in yesterday’s US equity trading and gained some traction in the Asian session. Currently, European…

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