Good Morning ,

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

• Trading conditions were relatively calm throughout last week …
• US market rate expectations softened slightly following the US labour market report release …
• The market now sees a 60% chance of a Fed rate hike in September (was 75%) …
• As a result, the dollar was under some downward pressure …
• Meanwhile, sterling was holding a modestly firmer tone …
• EUR/USD opens today above the $1.14 threshold …
• GBP/USD is operating in the lower half of the $1.33-1.34 range …
• EUR/GBP is in the upper region of 85-86p …
• A quiet week ahead, more so than the week prior …
• The latest Fed FOMC and ECB Governing Council monetary policy meeting minutes will garner attention …

All rates quoted are indicative market rates.