That seems to be the story from the London session. AUD, NZD and CAD all made decent gains while the GBP lost out on the crosses, even giving up some ground against the greenback as well. Traders are wary of holding any sterling positions ahead of the MPC later in the week, and sentiment has turned quite bearish again in the last few weeks.
German industrial production data will be keenly awaited in early European trade while here in Asia the market will probably yet again take its lead from the equity markets.
Good luck today.
