Following yesterday’s surprise announcement that the Bank of England would not cut interest rates, the pound is trading mostly flat this morning in a much calmer day for the markets. While Sterling had one of its best weeks in perhaps years and was trading higher earlier this morning, better-than-expected monthly retail sales data from the US boosted the dollar and knocked the pound back down a few notches. Investors are looking to next month’s BoE meeting to see more post-Brexit data on inflation and growth prospects for the UK. Depending on the outlook, the bank could choose to keep rates steady again or cut them in effort to buoy the economy, the latter of which would hurt the pound’s value.

The euro is also flat this morning despite last night’s terrorist attack in France, though it’s had four days of light gains this week in one of the currency’s longest runs in a month. Investors have been more bullish on the currency in recent days as the post-Brexit fallout hasn’t hit the EU as hard as they had anticipated.

The Aussie dollar is choppy again, though China’s better-than-expected Q2 GDP results from last night helped buoy the currency (China is Australia’s largest trading partner). The Canadian dollar is a little ahead as oil prices are ticking up past $46 a barrel.

In the East, the yen is trading lower again in one of its worst weeks in more than a decade. The prime minister’s calls for more stimulus continues to hurt the currency’s perceived “safe-haven” status, sending investors to the relatively-upbeat US dollar.

EURUSD: The euro is mostly unchanged though it trended higher this week as investors were optimistic that Brexit would cause less trouble than expected.

GBPUSD: The pound is flat after positive US retail sales boosted the dollar and as the market digests the BoE’s non-cut from yesterday. If the pound ends higher it could be one of its best weeks since 2009.

AUDUSD: The Aussie dollar is choppy again after China’s Q2 GDP growth beat expectations.

USDCAD: The Canadian dollar is trading mostly flat with little oil price movement.