Although the US President, Donald Trump, continues to announce sweeping economic policy, the currency markets aren't responding.
There were moves in Pound and Euro rates at the open yesterday, but the Pound has recovered versus the Dollar.
At the moment it looks like traders are favouring the Pound. However it's a critical week for Sterling especially with the Bank of England interest rate decision on Thursday.
It looks like a 25 point cut to 4.25% is guaranteed with a strong vote count predicted.
For today it's a light day for scheduled news. The Southern Hemisphere gets all the action.
The New Zealand unemployment rate is out later this evening with 5.1% expected.
Into the early hours there's Chinese services information.
Business news is still trying to dissect and predict the outcomes of all the tariff proposals flying around with no concerted view being presented.
NZ: 21:45 Unemployment Rate
CHN: Wednesday 01:45 Caixin Services PMI
As ever we look forward to keeping you in the loop and look out for our next update.
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