Good Morning ,

Here’s a quick look at today’s economic news and market activity:

• Trading conditions were relatively calm at the start of the week on financial markets …
• There was a firmer tone to risk appetite, as oil prices declined …
• Currency-wise, the main pairs operated in very narrow ranges throughout the day …
• Of the limited moves to note, the yen continued to depreciate …
• This sees EUR/USD open today just above the midpoint of the $1.14-1.15 corridor …
• GBP/USD remains in the upper region of the $1.33-1.34 band …
• Meantime, EUR/GBP continues to change hands in the 85-86p range …
• USD/JPY is up in the top half of ¥157-158 …
• Today, the data schedule is relatively light once more …

All rates quoted are indicative market rates.