Good Morning ,

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

• There was a generally cautious tone to investor sentiment at the start of July/Q3 yesterday …
• The flash reading of Eurozone HICP inflation was yesterday’s main focus …
• Both headline and core measures printed below expectations and showed an easing in price pressures …
• On the currency front, the main pairs have started July confined to relatively narrow ranges …
• Sterling is holding a slightly firmer tone, with EUR/GBP opening today at a YTD low of 85.6p …
• GBP/USD has moved towards the upper end of the $1.32-1.33 band …
• EUR/USD has edged back below the $1.14 mark …
• Today’s main release will be US non-farm payrolls for June, providing some event risk for the dollar …

All rates quoted are indicative market rates.