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JPY

Slow Start To Friday Trade

AUSSIE BONDS

Benefitting From Bid In U.S. Tsys

US SWAPS

TD Enter 5-Year SOFR Swap Spread Tighteners

US TSYS

Early Bid Holds

Eur/Gbp gets pressed on to............>

EURO-STERLING
EURO-STERLING: Eur/Gbp gets pressed on to Gbp0.91295 as cable makes the move
above $1.3200, the rate edging on to $1.3203. Suggested catalysts are recent
report of the Norwegian Sovereign Wealth fund favoring sterling for investment,
with some talk that the UK attracting safe haven flows ahead of this weekend's
speculated missile test by N.Korea. Cable currently trades around $1.3198.
Resistance seen into $1.3220 ahead of $1.3250 and the Aug3 high of $1.3267.
Support now seen at $1.3150/40. For the cross, support seen at the Sep7 low of
Gbp0.9119.