Is everyone busy with last minute bets for the World Cup?

Or is the market in a wait-and-see mood ahead of key UK data and the FOMC meeting later in the day? Either way, it's sluggish trading so far ahead of the opening for European markets.

Asian equities are mixed on the day but once again Chinese stocks are lagging behind, with the Shanghai Composite and CSI 300 indices both down by 0.8% and 0.7% respectively at the moment.

The only decent mover in the major currency bloc is the yen, being nudged lower as USD/JPY continues to make a track higher following a daily close above the 200-day MA in overnight trading. That bodes well for buyers - but resistance is next seen at 110.85.

Here are the ranges so far today:

  • EUR/USD - 12 pips
  • USD/JPY - 35 pips
  • GBP/USD - 17 pips
  • USD/CHF - 12 pips
  • USD/CAD - 16 pips
  • AUD/USD - 21 pips
  • NZD/USD - 18 pips