The rise in risk sentiment that followed Friday’s better-than-expected U.S. non-farm payrolls proved short-lived, with the euro falling back from earlier highs and the dollar and the yen staging small rebounds Monday. The pound, meanwhile, lost about a full cent against the dollar ahead of an unusually large amount of

The rise in risk sentiment that followed Friday’s better-than-expected U.S. non-farm payrolls proved short-lived, with the euro falling back from earlier highs and the dollar and the yen staging small rebounds Monday. The pound, meanwhile, lost about a full cent against the dollar ahead of an unusually large amount of

The GBP exhibited weakness following the Aug new car registration data in which the SMMT stated that it expects monthly declines to continue through the rest of 2010. Thus the market speculated that the risks of a UK double-dip recession was much higher than previously expected. GBP/USD dipped below the