UK labour market report highlights the agenda in Europe today ...Middle East

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The greenback is leading gains across the board in the major currencies space as we look towards European trading. Higher yields is one of the reasons for that, adding to an escalation in geopolitical tensions as well in the Middle East. US futures are holding lower and that is also playing a part, weighing on the risk mood going into the session ahead.On the domestic front, Trump's resounding victory in the Iowa caucus all but confirms expectations for a rematch with Biden later this year. That will be another risk factor for markets to consider in the bigger picture but not any time soon at least. For now, the outlook for central banks and inflation will continue to dominate the landscape.

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