- Eurodollar futures are awaiting both ADP.....>

STIR: - Eurodollar futures are awaiting both ADP report and the FOMC statement.

The FOMC statement is due at 1900GMT with the press conference following at

1930GMT. "Patience" and "flexibility" are the two buzzwords markets expect. The

main potential for surprises rests with the balance sheet, where the runoff

policy is expected to remain unchanged (dovish risk if there is a change).

Whites and Reds are largely flat today with Greens and Blues 0.5-1 tick lower.

- The short sterling strip has moved a little higher following last night's

Brexit votes. May now looks set to return to Brussels to negotiate a change to

the backstop - something the EU have repeatedly ruled out. Odds regarding a no

deal exit are broadly unchanged. Short sterling Whites are unchanged on the day

with the rest of the strip 1-1.5 ticks higher.

- The Euribor futures curve has flattened, with Whites down 0.5 ticks, Reds -0.5

to +0.5 ticks, Greens 0.5-1.5 ticks higher and Blues 1.5-2 ticks higher on the

day. French GDP was marginally better than expected but the highlights will be

inflation data over the next couple of days with German inflation due at 1300GMT

(German regional data is not being released this month).