GBP unsettled by Johnson's tough Brexit.......>

FOREX: GBP unsettled by Johnson's tough Brexit stance

- Tumultuous Brexit headlines had GBP offered from the open, with the currency

underperforming all others in G10 on last check. GBP/USD made light work of the

Friday lows, retreating well back below the $1.31 mark. Reports stated that PM

Johnson would be prepared to abandon trade talks with the EU if the terms given

were unsatisfactory. Attention turns to a speech from PM Johnson at

1100GMT/0600ET.

- Chinese equity markets re-opened with sharp, sharp losses, absorbing the

escalation in Wuhan coronavirus concerns. Chinese policymakers deployed measures

to ease broad-based market sell-off, but USD/yuan surged nonetheless, with a

PBoC reverse repo op interest rate cut also working against the currency.

Regional weakness in China worked its way into the likes of KRW, TWD also, with

the Bank of Indonesia's 'triple intervention' also unsettling Asia-Pac

currencies.

- US Manufacturing ISM data at 1500GMT/1000ET is the calendar highlight going

forward. Speeches are due from ECB's Lagarde and Fed's Bostic.