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Happy Monday, everyone! Hope that all of you had a great weekend and that you're ready to get things started on the new week. It's been a quiet start so far with little key headlines but currencies are starting to see some movement as we begin the morning in Europe.
The pound is holding firm as it inches higher despite a lack of fresh Brexit developments. The UK government and Labour are set to continue to negotiate things this week but no imminent breakthrough is expected. Meanwhile, the aussie and kiwi are also gaining some ground as exporter bids are noted to be boosting the former alongside better-than-expected Chinese industrial data from the weekend.
The yen is slightly off the pace in the past hour as Treasury yields are pushing higher. 10-year yields are up by 1.8 bps to 2.516% currently and that is helping to put some pressure on the yen as we begin the session.
Looking ahead, there isn't much to really shake things up today so expect trading sentiment to center more around the ebb and flow. In such circumstances, pay attention to the charts and see what they are telling you and weigh that against current market sentiment.
What are your views on the market right now? Share your thoughts/ideas with the ForexLive community here.
