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5-Year Supply & Kuroda Eyed


Struggles To Break 0.78 Handle


Supply & Local Data Due


USD/JPY Remains Heavy

CABLE: Cable is having one of those crazy open. Some put the initial morning
rally to that tweet, BUT was total nonsense. "Labour's Rebecca Long-Bailey says
it would unreasonable for PM to push general election instead of giving time for
scrutiny of Withdrawal Agreement Bill.
But says Labour policy remains to support election..."
Totally ignore that, but still doesn't give us much clarity on the big fade and
now testing low of the day.
The move isn't {r1} EUR driven with EURGBP in a 30 pips range, and with the
latter taking its cue from the European PMIs this morning. {r0} Small USD
selling is likely helping, but this looks more GBP targeted with GBPJPY also
getting hit.