StockMarketWire.com - AFTERNOON WRAP – The Japanese yen continues to be the dominant talking point in today's session, but the currency has given back some of the gains with the EUR +0.28%, USD +0.23% and CHF +0.18% the biggest movers of the European session.

The GBP initially made positive gains against major counterparts as better-than-expected numbers were released this morning with the unemployment down to 7.7% (-0.1% month-on-month). Since, however, the EUR/GBP has climbed 0.17% to £0.8412 following BoE members suggesting further monetary easing was a likely possibility. Also, concern now surrounds the UK's participation within the EU as David Cameron suggests a UK referendum for the UK electorate on whether or not to exit the EU.

Elsewhere, EUR/CAD moved higher by 0.16% to $1.3208 ahead of the Bank of Canada's release of its monetary policy report, revealing an interest rate decision for which expectations are for rates to be held at 1%.

Data to be released later today includes; Mexican retail sales, South Korean GDP and Japanese trade balance.

At 1:23pm:


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