Good Morning ,

Today's overview of economic news and market action:

• The cautious mood on financial markets persisted yesterday …
• On the currency front, the dollar has been holding a slightly firmer tone over the past 24 hours …
• At the same time, sterling handed back some of its recent gains …
• In level terms, this sees EUR/USD open this morning back below the $1.18 threshold …
• GBP/USD is changing hands down near the $1.36 handle …
• EUR/GBP is operating above the midpoint of the 86-87p range …
• Today, the focus will be on the ECB and BoE policy setting meetings …
• Neither central bank is expected to alter interest rates …

All rates quoted are indicative market rates.