Good Morning ,
Here’s a quick look at today’s economic news and market activity:
- Investor sentiment was holding a cautious tone throughout yesterday …
- Oil prices remained elevated, with Brent crude staying north of $107 per barrel …
- Elsewhere, long-dated sovereign bond yields continued to rise …
- However, 2-year German Bund yields edged lower, as market rate expectations softened …
- Eurozone market rate expectations softened following remarks from ECB President Lagarde …
- Against this backdrop, the euro was under some marginal downward pressure …
- EUR/USD opens nearer to the midpoint of $1.13-1.14 today …
- EUR/GBP is operating in the top half of the 85-86p band …
- GBP/USD continues to change hands in the lower half of $1.32-1.33 …
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