The pound is relatively stable this morning as markets await today’s inflation rate release, expected to come in within the Bank of England’s target figure of 2%. UK unemployment came in positively yesterday, although the pound did weaken slightly on reports of Brexit talks breaking down.
It was a positive day for the Eurozone yesterday, too, as German economic sentiment beat forecasts, as did construction output.
The dollar weakened slightly as China posted strong economic figures, but the main story today will be the balance of trade figures.
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