Good Morning ,

Today's overview of economic news and market action:

• There was a jam-packed macro calendar throughout last week …
• The BoE cut rates by 25bps, the ECB stayed on hold, while the BoJ hiked by 25bps …
• All three decisions were in line with market rate expectations …
• Against this backdrop, the main FX pairs were relatively range bound …
• EUR/GBP opens near the midpoint of 87-88p …
• EUR/USD is in the lower half of the $1.17-1.18 corridor …
• USD/JPY is close to the halfway mark of the ¥157-158 band …
• Today’s macro calendar is relatively sparse …

All rates quoted are indicative market rates.