Suggestion of a delay in US-China trade.......>

FOREX: Suggestion of a delay in US-China trade deal knocked risk late Wednesday

with the move away from risk positions rolling over into Asia. However, soothing

noises from China's MOFCOM provided relief and allowed for some of those

risk-off positions to be pared.

- JPY, the main barometer of risk, had seen USD/JPY knocked to an extended low

of Y108.65 in Asia, the comments allowing rate to spike back up to Y109.12

before momentum faded and it settled back around Y109.00. EUR/USD had seen

extended lows of $1.1055 but was able to recover above its broken support of

$1.1064 to $1.1084.

- Sterling had traded early Europe slightly on the back foot, cable having eased

to $1.2839 on risk aversion, only to bounce back to $1.2875 by late morning

following China comments. Commodity currencies also showed the risk relief and

managed to reverse earlier Asian pressure.

- BoE to will deliver its monetary policy decision at midday GMT, the MPC widely

expected to stand pat on rates.

- BoE's Carney post-MPC, Fed's Kaplan and Riksbank's Skingsley are set to speak.