Good Morning ,

Today's overview of economic news and market action:

• Trading conditions were calmer throughout last week compared to the week prior …
• At the same time, US market rate expectations softened somewhat …
• Meanwhile, the markets reacted positively to the UK Budget …
• Currency-wise, the dollar was under pressure while sterling strengthened somewhat …
• This sees EUR/USD open this morning up at the $1.16 threshold …
• GBP/USD is changing hands above the $1.32 handle …
• EUR/GBP is operating in the upper half of the 87-88p corridor …
• USD/JPY is near the midpoint of the ¥155-156 range …
• This week, a busy data calendar in the US includes the September reading of core-PCE inflation …

All rates quoted are indicative market rates.