Good Morning ,

Today's overview of economic news and market action:

• The cautious mood on markets persisted yesterday …
• The main FX pairs were quite range bound throughout the European session …
• However, the dollar firmed slightly overnight as tensions between the EU & US appeared to ease …
• This sees EUR/USD operating back below the $1.17 threshold …
• EUR/GBP is changing hands down at the 87p mark …
• GBP/USD is trading in the lower region of the $1.34-1.35 corridor …
• Meanwhile, USD/JPY is up in the top half of the ¥158-159 range …
• Today, the main highlight will be US core-PCE inflation for November …

All rates quoted are indicative market rates.