Forex | Forex | USD mixed, GBP pressured by dovish BOE inflation report (12/08/2009 13:13:38)

USD mixed, GBP pressured by dovish BOE inflation report

FX Highlights USD and JPY are trading higher supported by a spike in risk aversion as the Shanghai index falls 3% on concern about overcapacity in China, Japan reported a record fall in wholesale prices, EUR mixed despite report of weak EU industrial output supported by gains in crosstrade to the GBP and rising versus the Russian ruble, GBP pressured by BOE forecast that inflation may fall below 1% and expects a slow UK recovery, UK unemployment a 14 year high, commodity currencies pressured


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