European pre-market: Currencies hold steady to start the day

Not much action in markets in general so far on the day

WCRS 25-10

Major currencies are still sitting in narrow ranges with little movement across the board as we begin the session. EUR/USD sits in a 7 pips range today and that tells you how lackadaisical markets are behaving at the moment.

Changes among dollar pairs are <0.1% and even NZD/USD is sitting in a 19 pips range only as we enter the European morning.

Equity futures and bonds are also sitting steady without any real conviction and that is making for a bit of a snooze fest overall.

Looking ahead, there isn't much to really shake things up in terms of economic releases so look towards headlines - Brexit and trade - to provide any real shifts in the trading sentiment today. Otherwise, we may be in for more of a choppy/sluggish day to end the week.

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