Good Morning ,
Today's overview of economic news and market action:
- There was a cautious tone to investor sentiment yesterday …
- Data-wise, US labour market, retail sales, and PMI updates were mixed …
- Meantime, the UK PMIs improved but the Eurozone PMIs deteriorated …
- Currency-wise, the dollar was on the defensive but recovered overnight …
- In contrast, sterling was holding a slightly firmer tone …
- EUR/GBP opens this morning in the lower half of the 87-88p corridor …
- GBP/USD is operating in the $1.33-1.34 range, having tested above $1.34 yesterday …
- Already this morning, UK CPI inflation has printed below the consensus …
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