Another day packed with data coming up, with the UK being the main focus.

The USD gained in strength overnight, pushing paired currencies down. The EURUSD began the day at $1.12566 and traded flat early, bumping up to a high of $1.12627 a few hours after the open. Mid-session trading saw the euro begin its decline, where it bottomed-out at $1.12008 late in the day. It has struggled from that point and is currently trading at $1.12105. The GBPUSD follow a similar path to the euro after opening the day at $1.25152. The pair ticked up to a high of $1.25201 shortly after the open before succumbing under the weight of the US dollar. The pound plummeted to lows of $1.23946 late in the day. It has come off those lows and is currently trading at $1.24090.

The Dow remained largely flat overnight, dipping slightly into the red. The index opened the day at 27,367.18 and traded in a tight range during the first half of the day. The Dow then popped, peaking at 27,423.23 before giving up those highs quickly, as it hit a low of 27,306.49. It has come off those lows and is now trading at 27,356.98. The Dax made some modest gains overnight after opening at 12,397.04. The German index fell to lows of 12,360.01 early in the day before turning it around and rallying to a high of 12,642.20 late in the day. It came off those highs and closed at 12,417.34.

The day ahead shapes up as another busy one for traders, with plenty of information for people to sink their teeth into. The UK is publishing all-important CPI data later tonight, which could cause some market movements. The figure is expected to come in at 2%, in line with the last reading.

Other data published today includes:

Europe – Final & Final Core CPIs

UK – PPI Input & Output, HPI, RPI

US – Building Permits, Housing Starts, Crude Oil Inventories, Beige Book

Canada – CPI, Common, Core, Median and Trimmed CPIs, Manufacturing Sales

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