Dear Reader,

Today's overview of economic news and market action: 

• Positive tone to risk appetite at the start of the week …
• This saw the Euro Stoxx 50 gain 0.9%, and the S&P 500 rise by 0.5% …
• Currency-wise, the main FX pairs were largely range bound …
• Of the limited moves to note, the dollar was on the defensive …
• This sees EUR/USD open today in the top half of $1.17-1.18 …
• GBP/USD is operating in the up above the $1.36 threshold …
• EUR/GBP remains in and around the midpoint of 86-87p …
• Later today, US retail sales & industrial production data (Aug) are due …

All rates quoted are indicative market rates.