AUD strength was at the fore on the back of...>

FOREX: AUD strength was at the fore on the back of an in line with exp. AU GDP

print, which dispelled some of the more pessimistic views that were generated by

the early partials, allowing the AUD to build on yesterday's advance. Headline

GDP was still lower than the RBA anticipated in its most recent SoMP, with the

Y/Y print registering the slowest growth rate seen since the GFC. Elsewhere, a

solid enough Chinese services PMI print will have done the AUD no harm.

- GBP was well behaved in the wake of the latest goings on in parliament,

creeping higher as we moved through the overnight session. In summary the gov't

was defeated in the Commons late Tues, by 328 to 301, putting control of the

Commons into the hands of the opposition & Tory rebels on Weds. They will aim to

pass a Bill to seek an A50 extension & remove the threat of a no deal Brexit on

Oct 31, while PM Johnson is trying to force snap elections.

- USD/JPY struggled for traction on a look above Y106.00, while USD held lower.

- EZ services & composite PMIs , UK services PMI data & a flurry of Fed, ECB &

BoE speakers, in addition to the BoC MonPol decision, headline on Wednesday.

With focus also set to fall on the aforementioned matters in Westminster.