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by Ashraf Laidi
Posted: Sep 10, 2008 2:55
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Risk Aversion Drives JPY, GBP in Opposite Ways

Increased risk aversion continues to benefit the low yielding JPY and CHF, while punishing GBP, as the Bank of England hast yet to cut rates in H2 2008. Even bad news in the US are becoming GBP negative as risk appetite is eroded.