Sterling Battered By BoE Headlines, U.S. Vote Counting Remains In Focus

BoE matters have taken centre stage ahead of today's monetary policy decision from Gov Bailey & Co. RTRS ran headlines from the Telegraph suggesting that the BoE is considering negative interest rates, while the Sun reported that the Bank could deliver a much larger QE programme than expected. Sterling got battered as aforementioned headlines hit the wires and remains the worst G10 performer.

• JPY extended gains into the Tokyo fix and remains atop the G10 pile. USD also holds up well, even as e-minis hover marginally above neutral levels. U.S. vote count remains in focus, with Trump campaign filing multiple ballot suits in battleground states.
• The PBoC set its central USD/CNY mid-point just above est. but the reaction in USD/CNH has been muted so far. The rate had already ticked away from a fresh cycle low printed this morning in the wake of yesterday's rout.
• Central bank activity picks up today, with monetary policy decisions from the FOMC, BoE & Norges Bank & speeches from a number of ECB members due. Today's data highlights include U.S. initial jobless claims, German factory orders & EZ retail sales.