It is a holiday in the United States. Happy Independence Day to all of our American readers.
Normally that would keep global markets very calm, but that hasn’t exactly been the case so far this week. The pound continues its rebound from the end of last week and is approaching the June 30 highs.
Expect trading to come to a near halt after exiting Europe, although Canada is in the office today. The Canadian PMI for June from S&P Global is due at 9:30 a.m. ET and was previously at 56.8.