GBP headlines leaned positive into the........>

FOREX: GBP headlines leaned positive into the weekend, as a BBG sources report

suggested the UK is to drop Irish Border Brexit demands. Weekend news flow was a

little more -ve for PM May with a pro-EU march in London drawing 100s of

thousands & more talk of contempt from within her own party/cabinet. That being

said reports suggest that May is to tell parliament that ~95% of the Brexit

negotiations are now complete. GBP/USD last unch. at $1.3075.

- EUR benefitted from EU's Moscovici sounding a little warmer re: Italy on

Friday, while source reports from close to Italy's 5-Star & Lega parties pointed

to the potential for a 2.1% deficit/GDP tgt (denied by the leader of 5-Star over

the weekend). Friday also saw Moody's downgrade Italy by 1 notch to Baa3, but

crucially, the ratings agency changed the country's outlook to stable.

- AUD struggled on Friday, ahead of a key local by-election, which seems to have

resulted in the ruling government losing its parliamentary majority. AUD/USD is

unch. in early dealing. AUD/NZD closed below its 200-DMA, printing at the lowest

levels seen since June in the process. CAD struggled on the back of soft

headline CPI data Friday. NZ is out on holiday.