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Flash crash lows in sight for Sterling........>

FOREX
FOREX: Flash crash lows in sight for Sterling
-GBP/USD resumed its downward trend Wednesday, falling through post-payrolls
lows of $1.2481 to narrow the gap with the flash crash low printed in early
January at $1.2441. Any slip through this mark leaves the pair at the lowest
levels since H1 2017. Fundamental newsflow for the GBP has been few and far
between so far Tuesday, but reports that a group of Conservative MPs are
pressing forward with an amendment to block a No Deal Brexit are helping
unsettle GBP markets somewhat.
-The greenback is looking to extend its winning streak to a fifth consecutive
session and sits top of the table ahead of the NY crossover. Markets eye an
appearance from Fed's Powell at the Boston banking conference today, but his
comments aren't expected to provide any clues for his policy testimony due
tomorrow and Thursday.
-The data calendar is light again, with just US JOLTs numbers and Canadian
housing starts on the docket. Fed's Bullard, Quarles & Bostic are to speak and
ECB's Lane takes part in a Twitter Q&A under the hashtag #AskECB.

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