As the Israel / Iran ceasefire looks to be holding, global traders move back into "normal" mode.
Oil has returned to previous levels, and Dollar denominated assets have been sold off.
This has had a positive impact on Sterling rates over the last couple of days with solid gains over the Euro and the Dollar.
It's a relatively similar story across most major currencies with the Pound back into ascendancy.
The next couple of days sees a continuance of speeches from central banks with the BoE Governor, Andrew Bailey, and the FED Chair, Jerome Powell, wading into the fray.
Up to this point markets are concentrating on the bigger global news stories, but the return to stability could pave the way for moves instigated by scheduled news events.
Alongside this we've got US GDP numbers released, and the UK GDP report out on Friday morning.
For the latter expected quarterly growth of 0.7%.
US: 15:00 FEDs Jerome Powell Testifies
UK: Thursday 12:00 BoEs Andrew Bailey Speech
US: Thursday 13:30 GDP report
UK: Friday 07:00 GDP Report
As ever we look forward to keeping you in the loop and look out for our next update.
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