Forex trading headlines from the European morning session 6 February

Not a lot to report as markets shuffle around like old men in their favourite slippers ahead of today’s announcements.

GBPUSD opened up at 1.6312 but drifted lower to 1.6290 and only now as I type facing further losses to 1.6277 while EURGBP has been edging up all morning from 0.8292 to 0.8308 currently.

EURUSD has once again been pinned to the floor with little resistance and has spent most of the session around 1.3520 while USDJPY had an early wobble to 101.33 as the Nikkei closed lower but then drifted back up to 101.50.

AUDUSD, NZDUSD and USD CAD have all been in narrow ranges and equity markets have been in better mood but the main events loom large, and that’s all that really matters right now.