The Pound remained subdued for much of yesterday. This morning, both UK manufacturing and industrial production figures came out better than expected although so far has given Sterling a boost across the board.
Euro (€) Eurozone retail sales beat the market’s expectations yesterday which gave the common currency some support. Eurozone and German ZEW economic sentiment data are due at 10am this morning which is likely to cause some volatility for the Euro.
US Dollar ($) The Dollar remains strong with US consumer price inflation data being released this afternoon. The market is waiting for Federal Reserve Chairman Powell’s speech tomorrow and will pay close attention to any comments about inflation in the US.