Major overnight headlines:
• Asian & European equities, European sovereign debt broadly weaker ahead of Bernanke
• BoE votes 9-0 to hold bond programme at 375 billion in July, MPC focus seen to be shifting away from QE for now
• UK jobless claims drop by 21k in June, largest fall since mid-2010, claimant count rate unexpectedly drops to 4.4%
• BoJ June 10-11 meeting minutes show continued focus on using tools to restrain JGB volatility
Read the full report: FX Daily
BMO
