Forex - Daily Outlook, Monday September 8 2008 by Lloyds TSB

The decision by the US government this weekend to take charge of Freddie Mac and Fannie Mae is the main discussion point for financial markets worldwide this morning and caused a reversal from the flight-to-quality into equities. The government has agreed to inject $100bn in each of the two GSE's and will start buying back mortgages. It will also extend the unlimited liquidity facility until the end of 2009.

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