GBP: The highlight data of the day came from the UK, as sterling was initially propped up by the higher than expected Manufacturing data. Cable tested 1.32 following the data, however, clearly running into offers around this key level.
NOK: The Norwegian Krone took a hit in early European trade, as the nation’s CPI report missed across the board, albeit marginally so. EUR/NOK broke out the week’s early range and spiked through Friday’s highs.
USD: has been in a broad retreat in which has been a relatively subdued session with much of the upside seen late last week stalling ahead of the Aug peak. In turn, USD/JPY has moved back down towards 112.00 to the downside, while JPY continued to be supported by the wider geopolitical concerns, which has offset the continued widening interest rate differentials.