Sterling surges further still as GBP marks....>

FOREX: Sterling surges further still as GBP marks down odds of a disruptive

Brexit

-It appears the stars are aligning for Mar29 to not mark the UK's 'Brexit Day'

after all, with reports late yesterday that PM May is considering plans to delay

Brexit (twinned with opposition Labour Party's backing of a new referendum)

suggesting Mar29 isn't the hard deadline it once appeared to be. The reports

supported GBP throughout the Asia-Pac session and well into the European

morning, with GBP/USD now north of $1.3150 and eyeing the year's best levels at

$1.3217.

-Elsewhere, sentiment toward China reversed slightly following the euphoric

Monday session, with Asia-Pacific markets retreating (equities were down

0.4-0.7% in Tokyo and Hong Kong respectively), which worked against AUD, CAD and

NZD somewhat. JPY trades well alongside the USD in tandem.

-US housing starts and building permits for December are the data highlights,

with February consumer confidence also due. Appearances from BoE's Carney, Fed's

Powell and ECB's Lane are up and DJIA component Home Depot reports.