Weekend talks of a Brexit delay is helping to underpin the pound
Further talks of extending Article 50 from the weekend is helping the pound stay underpinned as we begin the new week. Cable opened with a gap up but has since pared those early gains, but the pound remains steady despite that.
Aside from that, increased optimism surrounding US-China trade talks is the theme that traders and investors are latching on to so far. And that is helping to see the aussie and kiwi gain as we begin the European morning. Of note, the aussie's gains has been tempered with slightly following poorer domestic data here.
The dollar is staying mixed following Trump's comments that it is "very strong", in what is another snipe at the Fed. There isn't much change to other major currencies despite decent ranges seen so far since Asian trading.
Looking ahead, the risk mood in Europe is likely to be positive and that should keep risk currencies underpinned as we begin the morning. With little on the economic calendar today, we could be in for a rather quiet one in terms of headlines so just be extra wary of any break of technical levels in trading today.
