Reports from Cabinet minsters that Brexit......>

STIR: Reports from Cabinet minsters that Brexit may be delayed past Mar 29

emerging just before 1100GMT have seen Short Sterling move lower as the

likelihood of a no-deal Brexit reduces. 

- The sterling strip is 1.0-1.5 ticks lower across whites and reds, with greens

and blues 0.5-1.0 ticks lower.

- Earlier there was little reaction in STIR markets to the disappointing

Spanish, Italian or UK industrial production numbers or to the better than

expected UK monthly GDP numbers. 

- The Euribor strip is 0.5-1 tick higher, meaning that most all White, Red,

Green and Blue contracts are now within 3 ticks of where they began the week.

- Eurodollar futures have seen bigger moves with most of the strip 2.5-3 ticks

higher (with the exception of H9 which is 1 tick higher). Expectations of Fed

policy continue to bounce around, while expectations that a longer shutdown will

result in President Trump calling a state of emergency rise. 

- The calendar for the rest of the day is light with US CPI due for release and

a speech by Bank of Italy Governor Visco.