AUD leads, GBP lags on the day
There isn't much to suggest a risk on sentiment in markets but the aussie and kiwi are leading the charge ahead of European markets open. The only news of note coming from the land down under is that Australia's prime minister has called for a budget to be announced in next April, which suggests a May election is likely to follow.
The kiwi has recovered well following earlier losses after trade balance data showed a wider-than-expected deficit. Asian equities were mostly mixed with Japanese and Australian stocks rising but Chinese stocks are struggling as the WSJ reports that Trump is unlikely to delay tariffs on China despite trade talks coming over the weekend.
US equity futures are trading down 0.2% while US 10-year yields are flat on the day so far @ 3.053%. That's not really helping with risk sentiment and is keeping the rest of the major currencies sidelined in narrow ranges for now.
Meanwhile, Brexit headlines are going a bit quiet but sentiment on the pound is deteriorating and it doesn't help when a technical break is seen in GBP/USD observed as warned earlier here.
