Good Morning ,
Here’s a quick look at today’s economic news and market activity:
- Trading conditions were relatively calm across financial markets yesterday …
- Oil prices continued to fall with Brent crude down by circa 5% to below $79 per barrel …
- The main FX pairs remained confined to narrow trading ranges once again …
- The dollar was under some downward pressure throughout the day …
- This weaker tone to the dollar sees EUR/USD open this morning just above $1.16 …
- GBP/USD is changing hands north of the $1.34 handle …
- EUR/GBP is at the midpoint of the 86-87p band …
- Already today, the headline rate for UK CPI inflation was released, and remained at 2.8% for May …
- Later today, the focus will be on the US Fed meeting outcome, with rates expected to stay on hold …
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