UK Recovery € Slow and Protracted € - Bank of England Bank of England Governor Mervyn King warned today that the UK € recovery from the economic crisis will be € slow and protracted € but stressed that growth would return. More Swiss National Bank to Implement Franc Policy The Swiss franc dropped to 1.5085 per euro today from € close of 1.5053 after Swiss National Bank board member Cesare Walker said the bank will implement monetary policy to prevent further appreciation of the swiss franc. € Great uncertainty about the outlook persists € , he said in the bank € quarterly report. More Yen Falls on Demand for Higher Yields The yen lost ground to the euro today as an increase in risk appetite spurred by stock market gains encouraged investors to sell low-yielding yen in favor. € The economy will eventually heal, but the process may be slow.

€ More TD Securities Picks Yen for Long-Term Analysts at TD Securities today advised clients that the yen could reverse earlier losses against the dollar and the pound and become the € safe harbor € currency providing the best refuge from the on-going financial crisis.