A broader risk-off theme, observed across.....>

FOREX: A broader risk-off theme, observed across the FX space, remained in play

through today's data-light Asia-Pac session, although it moderated when Chinese

equities opened on the front foot, while the Nikkei 225 returned to positive

territory after a brief foray into the red. The yen eased off of best levels as

a result, but remained relatively firm.

- Sterling was comfortably the worst performer among the G10 currencies, as

Brexit-related uncertainty piled up over the weekend ahead of Tuesday's

meaningful vote, which is widely exp. to result in another defeat for the gov't.

- The Antipodeans edged lower vs. most of their G10 peers, on the back of the

aforementioned risk-off flows. CAD was also relatively weak, despite an uptick

in WTI prices.

- Fed Chair Powell spoke overnight, but offered little new re: MonPol, in a

similar manner to his previous address, made after hours on Friday.

- Focus today turns to German industrial output & trade balance, U.S. retail

sales & Norwegian CPI. Elsewhere, BoE's Haskel, Riksbank Dep Gov Ohlsson & Fed

Chair Powell are due to speak.