It has been a risk-off day in markets and......>

STIR: It has been a risk-off day in markets and STIR futures have moved higher

as trade concerns escalate further.

- While the UK votes in the EU elections today, the focus is on how much longer

Theresa May can survive as PM. Reports last night suggested that the 1922

Committee had already held votes on whether Tory party rules should be changed

to allow a vote of confidence to be held for May's Premiership ahead December.

The reports state that the votes were submitted through sealed envelopes and if

May does not resign tomorrow the envelopes will be opened. Most of the short

sterling strip has moved 3-4.5 ticks higher and is now approaching the highs

seen ahead of the original Brexit deadline of March.

- The Eurodollar futures strip is also approaching the end March highs with most

of the strip up 4-5.5 ticks.

- The Euribor strip has flattened and also moving higher today with Whites unch

to 0.5 ticks higher, Reds 1--1.5 ticks higher and Greens and Blues 2-2.5 ticks

higher. Some Euribor futures contracts have been hitting record high levels

today.