Major currencies advance slightly against the dollar but ranges still subdued
It's once again a quiet start to the day with major currencies looking rather lethargic as markets are still in search of fresh direction this week. Asian equities are once again showing mixed sentiment and US equity futures are looking flat, similar to how bond yields are behaving so far in the new day.
The pound is holding at the highs currently but gains are still rather limited as Brexit talks look set to intensify with May meeting up with Merkel and Macron later. The government also will be resuming talks with the Labour party in hopes of reaching a Brexit compromise to break the current deadlock.
As it stands, European leaders look set to grant May an extension but it remains to be seen how long that will be as they would much rather have a 9/12 months extension than just a short - potentially rolling - one at this point.
Meanwhile, the aussie and yen are also slightly higher on the day but their movements aren't really saying much for the time being. USD/JPY still hovers around the 111.30-50 level while AUD/USD may be near two-week highs but the pair sits in a 20 pips range as we look set to begin European morning trade.
