-For what seems like the umpteenth session,...>

FOREX: -For what seems like the umpteenth session, GBP has been in the spotlight

again as it appears material progress has been made on Brexit. Wednesday sees UK

PM May address her cabinet with an EU-UK approved withdrawal deal text, with

parliamentary approval the next step. GBP/USD enjoyed one of the best sessions

of the year, rallying well over 1% and briefly showing above the 50- and

100-dmas. Cabinet meetings are the next test, due to be held Wednesday, ahead of

appearing in Parliament.

-Brexit progress supported some of the already-present risk appetite that

spilled through from Asia, helping buoy AUD and NZD into the US afternoon. The

moves come despite further bearish moves in commodities as both WTI and Brent

crude futures cement their bear market status. CAD wasn't spared, however, one

of the worst performers in G10. USD/JPY gravitates around Y114 as US equities

improved.

-Japanese, German and EZ GDP, UK and US CPI and Australian wage data are the

calendar highlights. Fed's Quarles and Powell are also due to speak.