Sterling crosses have edged higher after......>

FOREX: Sterling crosses have edged higher after the Sunday Times reported that

representatives of some EU member states have contacted Boris Johnson's aides,

signalling an intention to cooperate to avoid the UK crashing out of the bloc

without a deal.

- Safe haven FX have underperformed at the margin, failing to capitalise on

struggling benchmark stock indices in the Asia-Pacific region. A source has

flagged some EUR/JPY demand, which might have pressured the yen to an extent. 

- Elsewhere, the Antipodeans have gained some traction, with no catalysts in the

way of headlines apparent.

- USD/KRW is threatening to break above its 50-DMA at KRW1179.11. South Korea's

trade figures for the first 20 days of July were quite grim; exports dropped

13.6% Y/Y, with chip exports falling 30.2% Y/Y.

- It is a very lacklustre day in terms of data and speeches, the only points of

note being Canadian wholesale trade sales and comments from BoJ Gov Kuroda,

making an address in Washington.