Today sees a raft of speeches from both the ECB and the Bank of England. These may prove the catalyst to finally get the GBP/EUR rate moving which is still sat at the bottom of the recent range. With little scheduled news other than the speeches this seems to be where it's at today.
GBP/USD remains locked in a sideways pattern with very little volatility. This sometimes leads to a big move in the nearer future as the trading runs out of steam.
Versus the other majors such as the Canadian Dollar and Australian Dollar things remain similar with no big moves in either direction.
Overall business headlines are generally a bit gloomy with cost of living and global inflation dominating headlines.
Today’s Economic Calendar
EUR: 09:00 ECB Christine Lagarde Speech
EUR: 09:30 ECB Philip Lane Speech
EUR: 10:30 ECB Frank Elderson Speech
UK: 12:00 BoE Jon Cunliffe Speech
EUR: 12:00 ECB Fabio Panetta Speech
US: 15:00 Consumer Confidence