FX Closing Comments

In the currency markets today, the Dollar benefited from some safe-haven buying, while the Pound sold-off in response to the arrests in the UK of suspected terrorists, believed to be plotting to down as many as 10 U.S. bound airplanes. The Pound has already pulled back from today's lows as matters continue to unfold. Looking ahead till tomorrow, we have the Bank of Japan ending their two-day policy meeting. Although no rate move is expected, the follow-up commentary is expected to be hawkish. To end the week in the U.S., we have retail sales figures for July, which are expected to show a 1% rise.