A mild risk-off theme has been the main........>

STIR: A mild risk-off theme has been the main driver of markets this morning as

headlines suggest negotiations have stalled and EU negotiators are sceptical

that a Brexit deal can be reached that May will be able to force through

parliament.

- Short sterling Whites are 0.5-1.5 ticks higher on the day, Reds 1.5-2.5 ticks

higher while Greens and Blues are 2.5-3.5 ticks higher.

- Today's ECB meeting will be the highlight of the day with the market focused

on the staff projections and whether or not a new TLTRO is announced. The

Euribor strip has shifted higher with Whites 0.5 ticks higher, Reds 0.5-2 ticks

higher with Blues and Greens 2-2.5 ticks higher.

- The Eurodollar strip has also shifted higher with the biggest moves seen in

Reds and Greens which have moved up to 2.5 ticks higher. Brainard speaks today

while productivity data is released. However, the ECB and tomorrow's employment

report are likely to overshadow today's domestic events.