Quant Report for 2010-02-23 - UPDATE

Updated 5:50am EST - The British pound is taking a beating after the Bank of England released the latest inflation report. After a strong open, European equity markets are starting to sell off. US equity futures are coming down, slightly lower on the session. US treasuries are gaining strength, trading higher on the session. Commodities are showing weakness, while crude is trading around the $80/barrel level. In the currency markets, the British pound is showing significant weakness, while the Japanese yen is currently leading all majors.