Uneventful day!

It was a largely uneventful day in markets yesterday. The euro did push on a touch against the dollar and is trading this morning at just over $1.1250, while the pound is (once again) broadly unchanged against the single currency at circa 86p but a little higher against the dollar at $1.31. Core bond yields were flat (in the case of UK and German 10-year yields) to marginally higher (in the case of equivalent us yields), while equity markets were also flat on the day

Prime Minister May will meet Merkel and Macron today, and her party’s discussions with Labour will continue, ahead of the European Council summit tomorrow

There are reports this morning that Trump is eyeing tariffs on goods imports form the EU, in response to the latter’s subsidies to Airbus, Boeing’s rival

The British Retail Consortium reports that retail sales in the UK were soft in March, falling (on a like-for-like basis) by 1.1% year-on-year

It is quiet on the data front today with the small business optimism index and job openings both due in the US