Good Morning ,
Today's overview of economic news and market action:
- The cautious tone to investor sentiment continued yesterday …
- Currency-wise, sterling has been under some downward pressure over the past 24 hours …
- A sharper than anticipated fall in CPI inflation for November has impacted sterling …
- In level terms, EUR/GBP opens this morning in the top half of the 87-88p range ...
- EUR/USD is operating near the midpoint of $1.17-1.18 …
- GBP/USD remains above the halfway mark of the $1.33-1.34 band …
- USD/JPY is changing hands just below the ¥156 threshold …
- Today, the BoE is expected to cut rates by 25bps …
- Meantime, it is envisaged that the ECB will leave rates unchanged …
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