EUR/USD slid ~15 pips lower in the......>

EURO-DOLLAR: EUR/USD slid ~15 pips lower in the wake of the latest indicative

Brexit votes in the British House of Commons, which saw all of the proposals

defeated. Subsequent recovery allowed the rate to climb to $1.1206, where it

sits at typing, still a touch lower on the day.

- The rate finished 5 pips lower Monday, as strong U.S. ISM & construction data

interrupted the rate's prior ascent, dragging it into negative territory.

- Elsewhere, m'fing PMI data from across the EZ was less than inspiring, with

final German & EZ readings hitting fresh multi-year lows.

- In a foreword to the ECB's annual report, Pres Draghi wrote that "substantial

MonPol stimulus" is essential to boost inflation amidst uncertainties, while his

deputy de Guindos said that "significant MonPol accommodation is essential."

- Bears look for a resumption of a downward move towards the Mar 7 YTD low of

$1.1177. Conversely, bulls eye the 100-HMA at $1.1236.

- EZ focus turns to services/composite PMI data from across the EZ due Weds, as

well as German ind. output due Fri. ECB's Praet and de Cos will speak today and

tomorrow respectively, while the ECB Mar MonPol meeting minutes are due Thurs.