GBP/USD opens at a multi-week low ahead of....>

FOREX: GBP/USD opens at a multi-week low ahead of key Brexit votes

-Weekend press has not been favourable for the prospects of UK PM May's Brexit

deal passing through parliament unscathed this week, with various reports

suggesting the deal must be modified, postponed or even cancelled altogether.

Markets have responded by selling GBP against all others in G10, prompting

GBP/USD to touch $1.2949, the lowest rate since February 19th.

-At the other end of the table, NOK is surging against all others following much

better than expected CPI data, questioning the theory that the ECB's

lower-for-longer stance last week will force the Norges Bank to follow suit.

EUR/NOK dropped to touch the 50-dma at 9.7613 on release.

-Elsewhere, risk sentiment is somewhat positive, with the JPY and USD generally

weaker while EUR, SEK and NZD advance, but moves remain shallow at present ahead

of US retail sales, the key release of the day.

-Outside of the US releases, focus turns to speeches from BoE's Haskel and Fed's

Powell due after the close. Following the change for US clocks over the weekend,

the time difference between US and Europe has fallen by one hour.