Even though there are some interesting data points in the coming days (US Consumer Confidence today), is unlikely that traders will take too much of a view ahead of such an important speech. We therefore see EUR/USD gravitating around 1.1800, Cable around 1.3100 and Dollar/Yen around 106, all of which are old pivot areas. This sense of consolidation is also across gold and silver again. Despite this though, the rally on equities looks set to continue today.
Regards
I.A