Not much change compared with yesterday morning in the majors and this is something we should be getting more used to as we get right into the holiday season in Europe and the US. EUR/USD may have posted an interim top at 1.2720 but with dips meeting Sovereign and real money bids, we should not expect major moves in any direction.

There will be some UK data released this morning and the NAB Australian business confidence measure a little later.

Good luck today.