The Pound and Yen drops as Asian and European trading shoots upward. Leading the news is the U.K.’s historically long recession. To shed a light on the overall picture the MSCI World Index of 23 developed countries added just a mere 0.2% in pre-market Wall Street hours. The S&P Index futures added just 0.1%. The Yen dropped against 13 of the 16 most traded currencies while the pound fell 1.5% against the green paper back.
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