Report in the FT suggesting the ECB's.........>

FOREX: Report in the FT suggesting the ECB's concern over EU banks' exposure to

Turkey prompted a strong sell off in the EUR at the European open, with TRY

under further pressure. EUR/USD touched a low of $1.1432 after breaking key

supports at $1.1500 and $1.1450. Recovery efforts were capped at $1.1475 with

rate pressing back on $1.1450 at writing as traders watch action in USD/TRY.

EUR/JPY has been pressed to a low of Y126.82, after clearing below its support

at Y127.60, while EUR/GBP extended its corrective pullback away from Thursday's

high of Gbp0.9031 to GBp0.8935. Sterling eventually played catch up on the early

EUR move with Brexit concerns remaining in the wings, cable has dropped to a

fresh YTD low of $1.2736 as EUR/GBP climbed back toward its earlier Asia high of

Gbp0.8990. Apart from key US CPI today Turkish officials are due to speak into

the afternoon.