The pound is trading lower against the dollar as concerns and uncertainty around the UK’s early 2017 Brexit plans linger. That said, an economic report from Markit showing the UK’s services sector growing faster than analysts had expected in September helped the pound recover from much of its deeper losses from earlier this morning. This comes on the heels of yesterday’s stronger-than-expected September construction sector results.

The euro is up slightly as a slew of retail sales and non-manufacturing business activity readings for each of the major Eurozone countries largely met or exceeded expectations, reinforcing the perceived strength of the region. Tomorrow morning will bring German factory order data followed by comments from the European Central Bank on the Eurozone’s financial, economic, and monetary developments.

The US dollar is trading lower as ADP’s jobs report showed employers creating 154,000 jobs in September, below analyst expectations of 166,000. We’ll get more insight on the US’ economic health later with this morning’s non-manufacturing business activity data.

Elsewhere, the Canadian dollar is up as oil prices rise past $50 per barrel for the first time in a while and as Canada’s trade results came in line with consensus expectations. The Australian dollar is trading choppy after last night’s data showed better-than-expected retail sales growth in August. The Japanese yen continues its gradual fall and is down to its lowest levels against the US dollar since mid September as investors increasingly expect the US Federal Reserve will raise interest rates in December.

EURUSD: The euro is slightly up as Eurozone retail sales and non-manufacturing business activity readings meet or exceed expectations.

GBPUSD: The pound is trading lower as “hard Brexit” uncertainty persists.

AUDUSD: The Aussie dollar is choppy despite August’s better-than-expected retail sales growth.

USDCAD: The Canadian dollar is rising as oil prices climb past $50 per barrel.