Attention will continue to be on the development in eastern Ukraine where thefragile ceasefire so far seems to hold. Opinion polls on the Scottish Independencevote will also attract attention ahead of the referendum on 18 September.
A very light data calendar today. In the UK manufacturing production and tradebalance for July are due for release. Manufacturing activity in the UK has lost a littlebit of momentum in the wake of the soft patch in continental Europe.
In the US NFIB Small Business Optimism will be released but this is a tier-2 releaseunlikely to have a substantial impact.
A number of central bankers will be speaking. ECB member Erkki Liikanen willspeak at 12:30 CET in connection with a hearing in the Finnish parliament. Bank ofEngland governor Mark Carney will be speaking at 12:45 CET in connection witha trade union congress in Liverpool and we should probably expect a slight dovishbias in that connection. Finally, Fed’s Daniel Tarullo (neutral, voter) will testifybefore the Senate Banking Committee. He will mainly cover regulatory issues.
Read the full report: FX Daily