Good Morning ,

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

• Overall, there was a cautious tone to investor sentiment last week …
• Concerns regarding AI valuations, broadening US inflation, elevated commodity prices & fiscal/political stability in France weighed on risk appetite …
• Against this backdrop, trading conditions were volatile and ranges were wider …
• The dollar depreciated slightly on the week, while sterling firmed somewhat …
• This sees EUR/USD open today in the lower half of $1.12-1.13 …
• GBP/USD is changing hands in the $1.33-1.34 corridor …
• EUR/GBP is back in the lower half of the 84-85p …
• Looking ahead, a busy data calendar this week includes the PMIs and a host of UK releases …

All rates quoted are indicative market rates.