The aussie and kiwi are gaining on trade optimism
There's going to be plenty of focus on Brexit in the European morning as we gear towards MV 2.5 later in the afternoon. For now, the pound is holding steady after overnight declines but expect plenty more choppy price action to come about in the coming hours and after the vote later at 1430 GMT. Here's a summary of the situation in case you need one.
Meanwhile, the aussie and kiwi are posting decent gains on the day so far as US and China continue trade talks in Beijing. An overnight report by Reuters hinting at a shift in China's stance on more structural issues have helped to give markets a sense of calm to begin the day and is helping to keep Chinese stocks and the two currencies mentioned underpinned.
Meanwhile, with markets holding steady - including bond/Treasury yields - the yen and dollar are slightly on the back foot as we begin the day. There will be plenty of data releases to come from Europe in the session but I would expect risk sentiment to still be the major focus in markets as we look to wrap up the week.
P/S: We're having some tech issues in accessing information at the moment so I'd like to apologise beforehand for any slower updates during the session.
Update: Okay, tech issues seem to be fixed for now. Hopefully it won't come about again *fingers crossed*
