Dear Reader,

Today's overview of economic news and market action: 

• Risk appetite soured once again yesterday on both sides of the Atlantic
• A confluence of geopolitical events contributed to the deterioration in sentiment
• Currency-wise, trading conditions have been choppy over the past 24 hours
• Overall, the dollar and sterling are a touch lower
• This sees EUR/USD open today back above the $1.16 threshold 
• EUR/GBP is at the 87p handle
• Elsewhere, GBP/USD is at the midpoint of $1.33-1.34
• Political developments in the US, France and Japan will continue to warrant attention today

All rates quoted are indicative market rates.