Good Morning ,

Here’s a quick look at today’s economic news and market activity:

• Oil prices fell by circa 5% yesterday, with Brent crude back near $105 per barrel …
• Against this backdrop, there was a positive tone to investor sentiment …
• Currency-wise, sterling was initially on the defensive amid a softening in UK rate expectations …
• Meantime, the dollar was under pressure, albeit it moved off its lows overnight …
• EUR/USD opens today just above the $1.16 mark …
• GBP/USD is operating north of the $1.34 threshold …
• Meantime, EUR/GBP is back at the midpoint of 86-87p …
• Today, the flash PMIs for the main advanced economies are due …
• Markets will also remain sensitive to developments regarding the Middle East …

All rates quoted are indicative market rates.