Page 2 - Chart Compiled Using News Today

The Euro’s sharp slide has relaxed a little but there are still few if any reasons to back the single currency over the greenback

The Pound is holding above 1.2400 but is under clear pressure and the bulls will have a fight on their hands to keep it above that psychologically important level this week.

The British Pound heads into a new trading week under pressure against the United States Dollar as once-reliable monetary-policy support continues to ebb.

The USD/JPY market is stuck just below the 152 region as traders suspect official action if they push it higher

Sterling was knocked by some surprise strength in US output and remains under pressure despite some domestic expansion.

GBP/USD has been mostly about the Dollar on Monday, although some modest good news out of the UK is likely still helping.

US CPI has ticked up unexpectedly, if not yet to the sort of levels which might cause the market to seriously rethink its rate-cut bets

The Yen is gaining as investors scent not only lower US interest rates but also, just possibly, higher Japanese ones

The Japanese authorities appear more wary of involvement in FX markets than they once were, but entrenched Yen weakness may see it back in play.

The last few sessions have seen data showing the UK in recession, and some more hopeful signs that it might already be coming out. There’s less to look forward to this week, but that might not be bad news for Sterling.