Good Morning ,

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

• There was a mixed mood on markets yesterday …
• Brent crude continued to fall, shedding over 4%, and currently worth $73 per barrel …
• The dollar remained in the ascendancy throughout the day …
• This saw EUR/USD at a new year-to-date low of $1.1325 yesterday …
• The sterling has been under some modest downward pressure, but has since recouped its losses …
• EUR/USD opens today near the midpoint of the $1.13-1.14 corridor …
• GBP/USD is operating closer to the halfway mark of the $1.31-1.32 range …
• EUR/GBP continues to trade in the lower half of the 86-87p band …
• The main focus today will be on the May reading of US core-PCE inflation …
• It’s expected to see a slight increase from 3.3% to 3.4% …
• Remarks from a number of Fed and BoE officials will also garner attention …

All rates quoted are indicative market rates.