Extreme moves in major markets - UOB

Analysts at UOB noted extreme levels across a number of major markets.

Key Quotes:

"At one point on Tuesday, the dollar hit its highest level in nearly eight months against the EUR and a roughly three-month high against the JPY on Tuesday on growing expectations that the Federal Reserve would raise interest rates in December."

"British Finance Minister Philip Hammond said Tuesday he could not see a situation where he would reject a request by the BoE to boost the economy by buying more bonds. GBP/USD fell below the 1.210-figure to lows of 1.2083 after the comments. BoE Governor Carney spoke in the House of Lords but despite some fairly ludicrous social media rumours that he was going to resign, he did not manage to inflict any further damage on GBP."