After proving relatively resilient against....>

FOREX: After proving relatively resilient against a backdrop of torrid weekend

headlines, GBP succumbed to pressure in Monday's U.S. session as markets

continued to kick back on expectations that the UK and EU will reach a Brexit

agreement that satisfies all sides any time soon. GBP/USD confirmed a fall

through the 50-DMA and touched the lowest levels since October 4 on the move. A

late-in-the-day speech from PM May failed to prop up any confidence & GBP was

the worst performer in G10 as a result.

- Despite recouping much of the domestic politics-inspired losses dealt in the

Asia-Pac session by Europe's mid-morning, AUD/USD resumed its decline into the

close, leaving the rate 40 pips from the YTD lows last.

- The USD index benefitted from sour risk sentiment, bringing the DXY within 1%

of the year's best levels up at 96.984.

- RBA's Debelle & Bullock are due to speak Tuesday, with BoE's Haldane & Carney

also slated, in addition to Fed's Kashkari, Bostic & Kaplan. Data is light once

more, headlined by Eurozone Consumer Confidence. It is also worth noting that

the BOJ will discuss its Rinban operations with market participants on Tuesday.