Good Morning ,

Today's overview of economic news and market action:

• The risk averse tone to investor sentiment continued yesterday …
• On the data front, the macro calendar remained rather sparse …
• Currency-wise, the dollar was on the defensive …
• Elsewhere, the euro has been in the ascendancy over the past 24 hours …
• This sees EUR/USD open this morning above the $1.17 threshold …
• GBP/USD is changing hands in the lower half of the $1.34-1.35 corridor …
• Meanwhile, EUR/GBP is trading north of the 87p mark …
• USD/JPY is operating in and around the ¥158 handle …
• Today, the focus will remain on EU-US tensions, with President Trump set to arrive at Davos …

All rates quoted are indicative market rates.