Pound (GBP) listless in quiet trade
The pound (GBP) was left directionless yesterday as a lull in UK economic data left the currency without a clear catalyst for movement.
Movement in the UK bond market was also minimal, further limiting any impetus for Sterling.
UK data remains in short supply today, which may leave movement in the pound to be primarily driven by its peers.
Euro (EUR) flat as ECB minutes offer few surprises
The euro (EUR) held steady on Thursday as the minutes from the European Central Bank's (ECB) July policy meeting broadly aligned with expectations.
The minutes highlighted policymakers' ongoing inflation concerns and the general consensus that another rate hike will likely be warranted.
Coming up, the euro may tick higher today if data shows that Eurozone economic sentiment continued to improve this month.
US dollar (USD) holds steady ahead of Warsh speech
The US dollar (USD) was confined to a narrow range yesterday, with the currency entering a holding pattern ahead of Federal Reserve Chair Kevin Warsh's speech at the US central bank's annual Jackson Hole symposium.
Investors are looking to Warsh for clues over how the Fed intends to balance persistent inflation against signs of weakness elsewhere in the US economy.
A hawkish message from Warsh later today could see the US dollar climb higher, although unless his remarks are enough to revive bets for a September rate hike, the upside may be limited.
Canadian dollar (CAD) flat amid ongoing trade war fears
The Canadian dollar (CAD) was muted on Thursday as ongoing trade war jitters and retreating oil prices suppressed investor demand.
Turning to today's session, the 'loonie' may get a reprieve as Canada's latest GDP figures are forecast to report that growth rebounded sharply in the second quarter, after stalling at the start of the year.
Australian dollar (AUD) extends gains on RBA bets
The Australian dollar (AUD) maintained a positive trajectory through Friday's Asian trading session, supported by rising commodity prices and hawkish Reserve Bank of Australia (RBA) rate expectations.
New Zealand dollar (NZD) buoyed by risk-on flows
The New Zealand dollar (NZD) also firmed in overnight trade amid an improving market mood and fading domestic political uncertainty.
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