A busy day ahead.

The USD weakness following yesterdays service ISM data didn't last and is a sign of the uncertainty at the moment.

Today we have a very busy schedule, starting with EUR retail sales. The UK budget. BOC rate decision (any deviation from the markets pricing of a June cut will be interesting). US ADP employment data, jobless claims and the (likely) main event of chair Powell's speech (where any perceived hawkish or dovish comments will be scrutinised).

I don't have a bias of the likely outcomes going into today's events, so I'll stay tuned and wait for the reactions before forming an opinion.