It has been another morning move higher for....>

STIR: It has been another morning move higher for STIR markets in the European

morning session.

- Brexit has once again dominated UK markets following last night's indicative

votes where parliament again failed to find a solution that could pass with a

majority. Today the cabinet are meeting and the market is still particularly

vulnerable to headlines. The short sterling strip is generally 2 ticks higher

across the curve.

- The Eurodollar strip has also moved lower as global geopolitical concerns

linger, including reports that North Korea was close to launching a missile.

However, part of the moves in Eurodollar futures are merely a partial

retracement of the moves lower following yesterday's better than expected ISM

manufacturing. Today's durable goods orders will be watched but the real focus

will be on ADP tomorrow and the employment report on Friday. Whites are unch to

3 ticks higher, Reds and Greens 2.5-3 ticks higher and Blues 1.5 ticks higher.

- The Euribor strip has moved 0.5-1 tick higher in sympathy with both

Eurodollars and short sterling.