After reports on Tuesday suggested that the...>

FOREX: After reports on Tuesday suggested that the ECB's June 14 meeting was

very much 'live' re: discussing the ending of the Bank's QE programme later this

year, the ECB's Chief Economist Praet appeared to confirm the prospect, stating

that it is "clear the ECB will have to assess an APP unwind next week." Praet's

comments, and some accompanying signals from ECB's Weidmann, Knot & Hansson have

added further fire to EURUSD's recovery from the 2018 low printed last week.

- JPY was the worst performer for a second session, with USDJPY briefly topping

the 200-DMA at 110.21 as Tsys softened & equities rallied.

- GBP initially benefited from speculation that Labour's Brexit policy U-turn

could be the beginning of a march towards a softer Brexit, but the realisation

that this is unlikely to be the case saw GBPUSD finish virtually flat.

- Thursday brings Aussie trade data, Eurozone GDP, the BoC FSR & comments from

BoE's Ramsden.