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USD/CAD Continues to Test Key Support

BOND SUMMARY: EGB/GILT SUMMARY: A range bound London morning session for EGBs
and Gilts. 
-There very little to report on market price action, so instead, let's look at
what's ahead later today, that may move the needle for EGB's and Gilts. 
-TODAY: EU: Meeting this evening (1730CEST, 1630BST) between EU-27 ambassadors
and Council President Donald Tusk, with Brexit extension request the main issue
on the table. 
- Decision over whether to offer extension to 31 Jan 2020, as requested in UK PM
Johnson's unsigned letter, or a shorter extension of just a few weeks. 
- The latter is favoured by Irish taoiseach Varadkar and believed to be the
preferred option of most member states. Would allow for a pre-Brexit election.
This could backfire if post-election gov't opted for no-deal, but very unlikely.
Could also see a pro-EU coalition formed under Labour that allows for second
referendum and potential of UK staying, EU's ideal scenario. - Short extension
believed to be favoured by French gov't. Would give enough time to get the WAB
through parliament but no election.