Not busy but not bare

Planned economic news and data isn't going to be the main driver today in what's been lively trading in Europe and Asia.

The pound is breaking lower on worries about a no-deal Brexit and is trading at an 11-month low. The ruble is down 2% on potential election meddling sanctions.

In terms of economic data, the lone point is Canadian June building permits, which is due out at the bottom of the hour. The consensus is for a 0.1% decline following a 4.7% gain in May.

That's followed 15 minutes later by a speech from the Fed's Barkin in Roanoke, Virginia. The topic is 'unlocking our potential' and there will be audience and media Q&As. There market has pushed up the odds of Sept and Dec hikes, now it's time for Fed officials to weigh in.

Weekly oil inventory data is due at the regular 1430 GMT (10:30 am ET) time. The API data is here.

The most-intriguing event of the day will be the 1700 GMT 10-year T-note auction. They're trading at 2.975% in the when-issued market at the moment so a blip or a miss could hit the magical 3% level.

Early in Asia-Pacific trading, at 2100 GMT, the RBNZ is expected to hold rates at 1.75%.