Good Morning ,

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

• There was a mixed mood on markets yesterday …
• Short-date sovereign bond yields edged 2-4bps lower across the board …
• The US saw the most pronounced decline, as market rate expectations softened …
• This now sees US futures contracts indicate a 60% chance of a September rate hike …
• The unemployment rate also dropped to 4.2%, largely due to a diminished labour force …
• The dollar was under some downward pressure amid this softening in US interest rates futures …
• EUR/USD opens today at the midpoint of the $1.14-1.15 range …
• EUR/GBP remains in the top half of the 85-86p band …
• GBP/USD is in the upper half of $1.33-1.34 …
• Today, remarks from BoE Governor Bailey will be in focus, while US markets are closed …

All rates quoted are indicative market rates.