Yen hit again as bullish spell continues for global stocks

London

THE yen sank across the board on Thursday as the upbeat mood on global stock markets stretched into a sixth day and media reports stoked speculation that the Bank of Japan (BOJ) could take steps to fund government spending directly.

Sterling jetted higher against the yen, the dollar and the euro after the Bank of England blew out expectations it would cut interest rates immediately to offset any damage to the economy from last month's vote to leave the European Union.