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Build in European Gasoil Stocks in ARA Region


Crude Second Month Skew most Bearish Since Mid August


CAD Continues To Underperform Peers


‌‌(Z2)‌‌ Resumes Its Uptrend

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STERLING: Having touched pullback lows of $1.3236 into Europe, GBP witnessed
steady demand interest to the $1.3250/55 area before fading. This week brings a
raft of UK economic data, including CPI, the labour market report & retail
sales, which could cement/draw questions over a BoE rate hike at its heavily
awaited August MonPol meeting. The UK's Brexit white paper will appear in the
Commons today, with some senior eurosceptics expected to table amendments.
EURGBP eases to Gbp0.8830, key support from the 200-dma at Gbp0.8820. GBPJPY
held above the 100-dma (Y148.25) in early Wellington trade, rate extended to

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