Sterling soars for second session as..........>

FOREX: Sterling soars for second session as opposition to No Deal builds

-The UK Prime Minister suffered a second blow in the House of Commons Wednesday,

as opposition to the government's plans to keep a disruptive No Deal Brexit a

possibility grew. This leaves the government with little choice but to press for

a General Election, which reports suggest he will continue to press for in the

coming fortnight. The lower probability of Brexit fallout prompted GBP to rally

for a second session, with markets adding over 2% from yesterday's lows.

-CAD also traded well following the Bank of Canada rate decision. Rates were

unchanged (as expected) but, instead of erring more dovishly, the BoC talked up

recent strength in CPI and GDP data. USD/CAD tests support at 1.3225, with any

fall through opening the door to further losses.

-JPY remains the poorest performer throughout European and US hours as equity

markets fared better (particularly in Asia-Pac region), as focus turns to any

further concessions that may be made to protestors from the HK government.

-German factory orders, US ADP Employment Change and ISM non-manufacturing data

are Thursday's data highlights. ECB's de Guindos and BoE's Tenreyro speak.