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GBP has outperformed its G10 peers, after.....>

FOREX
FOREX: GBP has outperformed its G10 peers, after BBG sources suggested that UK
PM May will allow her ministers to discuss delaying Brexit during Tuesday's
Cabinet meeting. The Sun later reported that May will propose to ministers that
she formally takes a no-deal Brexit off the table. This came after Monday saw
Labour leader Corbyn tell his MPs that the party is set to back a second Brexit
referendum to avoid a "damaging Tory Brexit."
- The yen has also been relatively strong, although the Nikkei 225 has remained
in the green. USD/JPY is looking below Y111.00 at writing. Sources have
highlighted potential JPY selling from Japanese exporters ahead of month-end.
- AUD has slightly underperformed, as modest risk-off flows have been observable
across the FX space, with USD/CNH adding over 100 pips, as the yuan pares some
of its recent gains.
- Focus today turns to U.S. cons. conf., housing starts & building permits.
Central bank rhetoric will be provided by ECB's Lane, Mersch, Coeure, Visco & de
Cos, BoE's Carney, Ramsden, Vlieghe & Haskel, as well as Fed Chair Powell.

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