Good Morning ,

Today's overview of economic news and market action:

• Middle East conflict remained the main driver of markets last week …
• As oil prices rose above $100 per barrel, risk appetite soured …
• At the same time, market interest rate expectations hardened …
• Currency-wise, the dollar remained to the fore …
• This sees EUR/USD open this morning down in the lower half of the $1.14-1.15 range …
• GBP/USD is just below the midpoint of $1.32-1.33 …
• EUR/GBP is changing hands in the lower half of the 86-87p corridor …
• This week, the focus will remain centred on the Middel East ..
• A slew of central bank meetings (Fed, ECB, BoE & BoJ) will also be in focus …

All rates quoted are indicative market rates.