Good Morning ,
Today's overview of economic news and market action:
- There was a cautious tone to investor sentiment yesterday …
- Currency-wise, sterling was under downward pressure …
- Elsewhere, the dollar was holding a slightly firmer tone …
- In level terms, EUR/GBP opens today in the top half of the 87-88p range …
- GBP/USD is down in the lower half of $1.32-1.33 …
- EUR/USD is in the bottom half of the $1.16-1.17 corridor …
- USD/JPY remains above the ¥152 handle …
- Today, the Fed is expected to cut rates by 25bps (after the European close) …
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