Euribor and short sterling markets have........>

STIR: Euribor and short sterling markets have drifted lower today despite some

mixed moves in equity markets.

- The Euribor strip has steepened a little with Whites unch to 0.5 ticks lower,

Reds 0.5 ticks lower, Greens 0.5-1.5 ticks lower and Blues 1.5-2 ticks lower.

- Short sterling Whites are down 1-1.5 ticks with the rest of the strip down

1.5-2.5 ticks.

- The Eurodollar strip is within 1 tick of yesterday's close with Whites moving

a little lower but Greens and Blues a little higher.

- There has been no real data of note in the European morning  session with

consumer confidence due up at 15:00BST. US new home sales are the highlight in

North America.

- UK parliament returns from its Easter Recess with much talk of the upcoming EU

elections. In what looks set to be a big defeat for the Tory party, there has

been focus on grass roots councillors signing a petition to begin steps to oust

Theresa May. With May unable to be removed until December under party rules, the

1922 Committee would need to put any rule change to wider party members.