European equity markets are expected to open relatively flat following a quiet session in Asia overnight, with investors remaining focused on the European banking woes and Brexit, while the RBAs slightly dovish stance weighed a little on the Australian dollar. I think traders are seeing a number of reasons to be a little cautious this week. One of the obvious reasons for this is that we’ll get the US jobs report on Friday which often weighs on risk appetite, albeit not always. Add to this the ongoing drama around Deutsche Bank and whether the eventual fine will give us more reason to be worried about the banking sector or offer a little reprieve. USD/CAD Canadian Dollar Rises as Oil Rallies Higher The sell-off in the pound on Monday was a clear sign of an anxious market as Theresa May’s declaration that article 50 would be triggered by the end of March next year was not exactly new information but the confirmation of this was enough to trigger more selling in the pound. With it now trading back at the post-Brexit lows, it will be interesting to see whether it has the legs to make new lows and possibly spark a move back towards 1.25.