Europe: consumer inflation for August will be released at 09:00 GMT.

A minor technical correction is underway in the European session today. 

The pound decided to continue its rally after the recent sell-off.

Buyers decided to take a breather after a long rally.

The Wednesday’s rebound stalled at 145.00 where the pair found fresh bids and jumped back to the recent highs. 

The euro bulls met a barrier at 132.00. The spot bounced off the level and softened to 131.00 afterwards. 


DAX keeps gravitating in a narrow range between 12500 and 12550. 

Buyers lost momentum after meeting an obstacle at 6000.   

Yesterday, the US dollar showed a significant gain across the entire spectrum of the market.