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Sterling thrives and Canadian Dollar dives....>

FOREX
FOREX: Sterling thrives and Canadian Dollar dives
-GBP sits at the top of G10 as the British PM stated to Parliament that her
government is close to a Brexit transition deal. GBP/USD rallied to touch
$1.3877 before retreating on reports that the EU are planning a more vague trade
deal offer.
-At the other end of the table, CAD posted its 6th consecutive session of losses
on Trump tariff fears despite Congress raising the prospect of 'action down the
line' should Trump proceed with his plans. USD/CAD on the cusp of C$1.30 at
writing.
-EUR finished strong despite Italian political gridlock as spot markets took
confidence in sanguine implied vols as well as buoyant Italian debt markets.
-AUD erased early weakness as commodities and US equities recovered. The
opposite was true for JPY, which sold off throughout the day as risk sentiment
improved.
-US factory orders, durables goods and a speech from BoE's Haldane on tomorrow's
calendar.

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