Good Morning ,
Today's overview of economic news and market action:
- Overall, investor sentiment has been holding a cautious tone over the past 24 hours …
- Currency-wise, sterling was on the defensive amid a softening in UK rate expectations …
- However, the pound recouped most of its losses as the day progressed …
- Meantime, the dollar remained in the ascendancy and the yen stayed on the defensive …
- As trading gets underway today, EUR/USD opens just below $1.16 …
- EUR/GBP is near the 87p handle …
- GBP/USD is at the midpoint of $1.33-1.34 …
- USD/JPY is at the halfway mark of ¥152-153 …
- Today, Eurozone flash consumer confidence is due …
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