"This suggests the tug-a-war between more central bank support and economic fundamentals is going to increase, driving market volatility. "The pound was again a major casualty, cracking support at $1.3000 and $1.2950 to last stand at $1.2867 in fast-moving trade. This is not gradual and not linear," said Francesco Galietti , head of the Policy Sonar risk consultancy and a former finance ministry official. Investors had to pay Japan 0.27 percent to lend it money for 10 years. "There's no inflation prospects, there's no strong growth.

Source: Economic Times July 06, 2016 03:33 UTC