Good Morning ,

Here’s a quick look at today’s economic news and market activity:

• The cautious mood on markets remained in place yesterday …
• However, oil prices fell by around 3% to below $103 per barrel …
• Currency-wise, the euro was on the defensive …
• EUR/USD traded at a new year-to-date low of $1.1313 overnight …
• It opens this morning in the lower half of $1.13-1.14 …
• GBP/USD remains in the $1.32-1.33 range …
• EUR/GBP is operating nearer to the midpoint of 85-86p …
• Today, US core-PCE inflation data for August will be the highlight …
• The flash readings of HICP inflation in Germany, France & Italy are also due …

All rates quoted are indicative market rates.