LONDON Stocks & sterling held their ground on Thursday as markets took the latest European terrorism attack, this time in London, one of the world’s financial capitals, largely in their stride.
The FTSEurofirst 300 .FCHE barely budged as London .FTSE, Frankfurt .GDAXI & Paris .FCHE started flat & the pound fared better than most as the dollar .DXY began to muscle higher again in the currency markets. [/FRX]
The history of these attacks, including those in France, Germany & Belgium final year as well those in London & Madrid more than 10 years ago, show little lasting impact on profitable confidence or financial markets in isolation.
Having weakened as much as 0.4 percent after news of the London attack which killed five, sterling GBP=D3 held regular overnight & then climbed swiftly above $1.25 after more-resilient-than-expected UK retail sales data
http://yaroreviews.info/?p=78
