The U.S. the trade balance reached -59.8 per billion, which beat the expectations of -62.5 million. There was also good data from the Michigan Consumer Sentiment which reached 56.6 in his previous 55.5 in June. No data for the U.S. today.

The euro gained against the dollar as oil and gold prices reached a record high, with the euro near all-time peak of 1.6019, this time initiated discussions on the market to curb the rising euro. Due out today by the euro is from May Industrial Production expected a decline of -2.3% versus 0.9% in April.

The pound sterling gained against the U.S. dollars, but weakened against the euro with the uncertainty in the BOE decision on interest rates. The market is weighing up the Bank of Englands next move in terms of rates as the debate continues about whether the BOE will put up interest rates to curb inflation or a rate cut to help the economic weakness. Major news at the moment for the United Kingdom is the PPI input / output prices both expected to be lower than the previous one.