Not a whole lot on the economic calendar to get excited about and with most pairs almost exactly where we left them during yesterday’s snooze-fest, it looks like it might be another quiet one.
Cable has dropped 70 pips but is still in consolidation mode as are most of the majors. The USD fought back late in the NY session but still remains the weakest of the major currencies and this fact seems to be heavily linked with the rising oil price.
Good luck today.