A few more reactions to May's no-confidence......>

UK: A few more reactions to May's no-confidence vote win:

- Nomura: Base case - we are pretty much where we were 36 hours ago... Now we

move to focusing more on Labour and whether they will trigger a Confidence vote.

Interestingly one way to interpret the moves seen earlier today

(bear-steepening, inflation bid, 5y and 30y ASW moving in opposite directions)

is that these are precisely the sort of moves one would expect if the market was

pricing in the risk of a Labour government.

- Credit Agricole: The vote may help rally the Tory MPs behind the PM's Brexit

proposal...we remain of the view that the Brexit deal may pass the House in

Jan...even if rejected, we suspect that the MPs would decide to extend Art 50 in

an attempt to bridge the existing differences and avoid a 'no deal' Brexit and

continue to expect GBP to recover over the medium-to-long-term.

- Danske: Things are basically unchanged from the day before yesterday and focus

now turns to the EU Summit...expect EUR/GBP to remain volatile and range bound.

- BNY Mellon: Removal of one element of political uncertainty a mild positive

for GBP but scale of rebellion highlights difficulty to pass withdrawal deal.