European markets fell sharply today, led by commodity companies, on the back of weaker than expected import data from the Chinese. In short they are buying less raw materials and worse German cars!

This has sent investors running, but to where? The news from China has caused flight from the Dollar but with Singapore announcing their own financial easing program, money printing, and the UK posting a deflationary number today, money headed towards the YEN.

The Eurozone remains comparatively steady, which may add fuel to the safety in numbers argument of the pro union debate to come in the UK.

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