The European and US PMI reports for June are on focus today ending a week of limited volatility for the major instruments. Price action in most markets was limited and especially over the last 24 hours there was nothing to attract investors' attention.
A broad decline for the Dollar over the past 24 hours is attracting investors' attention this morning particularly since there was no clear catalyst behind this retreat.
The Pound was the worst performer among the major instruments yesterday in a day of elevated volatility. The UK currency was in focus in light of Marc Carney's speech in London where the Canadian head of the BoE expressed his concerns over the progress of the UK economy.
The spotlight remains on the Pound for a second day in a row with investors looking to benefit from the current price action. BoE Governor Marc Carney will be speaking in Mansion House today and his remarks are always important as they provide a general feel of what to expect from the Bank of England.