Sterling was offered in reaction to a.........>

FOREX: Sterling was offered in reaction to a Telegraph report outlining UK PM

Johnson's plan to take advantage of his healthy parliamentary majority and enact

legislation, which would fix the Brexit date at the end of 2020, no matter if a

trade deal with the EU is struck by that time. Cable accelerated its slide into

$1.3300 with BBG trader sources citing the execution of sell-stops under the

level. It trimmed losses subsequently, but remained on the defensive.

- USD showed some strength on the back of that Telegraph story and fared

relatively well thereafter.

- The release of minutes from the RBA's Dec meeting inspires a sell-off in AUD,

as members judged that "it would be important to reassess the econ outlook in

Feb '20" and pledged readiness to ease policy if needed. Across the Tasman, NZD

picked up a bid after the release of a solid ANZ Business Confidence Survey.

- A positive lead from Wall St. buoyed the risk-sensitive KRW and TWD.

- Today's docket includes UK labour mkt report, U.S. housing starts, building

permits & industrial output and EZ trade balance. ECB's Rehn, Kazimir and Lane,

BoE's Carney and Fed's Kaplan and Rosengren are due to speak.