Good Morning ,

Today's overview of economic news and market action:

• The risk averse tone to investor sentiment continued yesterday …
• Both the ECB and the BoE left interest rates unchanged yesterday, as expected …
• However, the overarching tone from the BoE was more dovish than anticipated …
• Against this backdrop, UK futures contracts softened …
• Amid the softening in UK rates, sterling was on the defensive …
• This sees EUR/GBP open up near the 87p mark …
• GBP/USD is back closer to the midpoint of $1.35-1.36 …
• Elsewhere, EUR/USD remains in and around the $1.18 threshold …
• Today, the macro calendar is sparse, due to the postponement of the US labour market report until next Wednesday …

All rates quoted are indicative market rates.