-Another day of wild gyrations in GBP as......>

FOREX: -Another day of wild gyrations in GBP as markets began to realize the

Brexit breakthrough announced yesterday is more the end of the beginning, rather

than the beginning of the end of the process. News that May's long-awaited

cabinet meeting will not result in a press statement raised fears that ministers

are still deliberating, disagreed and arguing over the final deal - sending

sterling sharply lower however much of move was entirely reversed as No10

clarified that the minister 'misspoke'. GBP climbed to new session highs late

after headline, "MAY HAS SECURED CABINET SUPPORT FOR HER BREXIT DEAL"-Telegraph.

-Despite a lower open, the USD index looked to make up much of the losses ahead

of the close as equities resumed their march lower and traders shied away from

risk, in turn supressing US yields across the curve. 

-Outside of the majors, SEK was the poorest performer as Swedish CPI fell well

short of expectations, denting recent expectations of a near-term recovery in

the currency.

-Attention turns to Australian jobs numbers, UK and US retail sales and plenty

of central bank speeches from Fed, ECB and Riksbank members Thursday.