ING, in an afternoon note, say markets have...>

FOREX: ING, in an afternoon note, say markets have started to tentatively

stabilise following the recent sell off and suggest that Nok could offer the

best value vs the Usd if this recovery continues. They note that Nok, Cad and

Gbp had the most exaggerated moves of the G10 currencies in the recent sharp

correction and suggest that Gbp could be a laggard in this recovery due to

Brexit concerns. The Bank does add that it may be still too early to describe

the recent sell off as a healthy correction but in their opinion see the sell

off as temporary rather than a protracted sell-off. This outlook is based on the

view that the fundamental global picture hasn't changed much.