Another quiet session in STIR..........>

STIR FUTURES: Another quiet session in STIR futures has seen the biggest moves

in short sterling futures.

- The short sterling strip has shifted 2.5 ticks higher across most of the curve

with the White part of the curve steepening. The market continues to remain

sensitive to Brexit headlines and this morning a headline from a German Minister

that Italy could block an extension to Brexit has helped STIR markets move

higher (Italy has since denied these reports). It remains unclear whether there

will be another meaningful vote this week on Theresa May's deal, with the latest

reports suggesting that she will only put the deal to a vote if she thinks there

is a credible chance that the deal will pass.

- The Eurodollar strip has drifted a little higher, with White largely unch but

the rest of the strip 0.5-1 tick higher. The main focus for the week will be the

Fed meeting on Wednesday.

- The Euribor strip is unchanged through the front 11 contracts with Blues

generally 1 tick higher.