The Pound remains trading in a sideways pattern versus the Dollar and the Euro which was to be expected.
It's a slightly different story versus the Australian Dollar where the Pound is losing strength quite quickly this morning.
The Nationwide house price data at breakfast showed a minor contraction of -0.1% month on month which could indicate a slowing down of the recent softening in the housing market.
There's no major business data scheduled for today and business news generally looks to be relatively calm in this break between Christmas and the New Year.
Today’s Economic Calendar
As ever we look forward to keeping you in the loop and look out for our next update.
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