Recent trends extend as GBP inches to new.....>

FOREX: Recent trends extend as GBP inches to new high

-Fresh multi-month highs were printed in GBP/USD in early Europe, with the pair

capped slightly at the $1.3150 level headed into the NY crossover. Polling

remains supportive of a Conservative majority, with ComRes' poll overnight

showing Boris Johnson's party with a 10 point lead over Labour just a week ahead

of the polling date.

-At the other end of the table, JPY is weakest, prompting USD/JPY to inch above

yesterday's highs after a firm session for Asia-Pacific equities as Japan's

cabinet outlined a Y26 trillion stimulus package for the coming fiscal year. In

tandem, equity futures sit slightly higher across core Europe and in the US,

indicating a higher open on Wall Street. Last week's alltime highs in e-mini S&P

are still a way off, however, with markets around 40 points shy at pixel.

-US weekly jobless claims, trade balance and factory orders data takes focus

Thursday, with Canadian Ivey PMI also on the docket. Bank of Canada's deputy

governor Lane speaks, presenting the Bank's Economic Progress Report, ahead of

Fed's Quarles who is the final speaker before next week's FOMC decision.