Sterling fell only briefly on Wednesday after an assailant stabbed a policeman and was shot by police just outside Britain's parliament building in London in what police described as a "terrorist incident".
The dollar gained ground against the yen on Tuesday after a roller-coaster 24 hours which traders say may just be a precursor to three weeks of risk-packed events for the $5 trillion a day currency market.
Regulators have yet to get a firm handle on the world's $35 trillion shadow banking sector with supervision and data gathering still too patchy for spotting risks properly, the global Financial Stability Board said on Wednesday.
Gold bullion is a “long term insurance policy” according to James Steel, chief commodities analyst at HSBC, who spoke with Tom Keene about what’s driving gold markets on “Bloomberg Surveillance” yesterday.
Our primary concern has long been that the market becomes transparent and the fundamentals of physical supply and demand ultimately determine the price. At present, London Bullion Market Association or LBMA trading involves the buying and selling of unallocated gold contracts largely amongst bullion banks and other LBMA members.