Good Morning ,
Today's overview of economic news and market action:
- Equity markets rebounded yesterday, amid relatively light trading conditions …
- In terms of monetary policy, BoE Governor Bailey remained coy about a rate cut in March …
- Meanwhile, BoJ rate hike expectations softened somewhat …
- Against this backdrop, sterling firmed slightly while the yen was on the defensive …
- This sees EUR/GBP open today back nearer to the 87p mark …
- GBP/USD is operating above the $1.35 threshold …
- USD/JPY is up close to the ¥156 handle …
- Elsewhere, EUR/USD is at the $1.18 threshold …
- Today, the final reading of Eurozone HICP inflation for January is due …
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