The recent gain is also due to the Fed indicating rate rises in the coming months and also most of US data coming in better than expected. Due out today for the US is Non-manufacturing ISM, with the main news tonight being the interest rate meeting at 19:15pm.
On the other hand the Euro traded in a tight range bound as markets wait for the interest rate decision by the ECB on Thursday. There was little movement as higher than expected PPI figures for Euro Zone were released. Due out today are the PMI Services data for the Euro Zone along with Retail Sales.
Sterling continues to release weak data. Further speculation that there will be rates cuts by the BoE did not help giving the Sterling a bad run yesterday. Due out today are the PMI Services figures and Manufacturing Production.