Good Morning:
European leaders have failed to convince investors that they can come up with an effective work around to alleviate the Euro regions debt crisis.
The Euro also lost some support, as the markets are concerned that data from the Euro Zone showed that the manufacturing and service sector fell in October at the fastest pace in 2 years. This is not a direct sign of a recession-but it certainly points to an economy that is faltering.
The GBP rose, as uncertainty regarding the European debt issue had investors move to the safety of the GBP. JPY also rose as investors look for a safe haven for their assets.