The big mover in global STIR markets is........>

STIR: The big mover in global STIR markets is short sterling with the strip

moving lower in another Brexit-induced move. Labour have shifted to now favour a

second referendum while media reports have suggested that Theresa May could

delay Brexit beyond March 29. She is expected to make a statement at 12:30 GMT

today during PMQs. Carney reiterated that monetary policy could move in either

direction on a no deal Brexit, although he said he agreed with Vlieghe's

comments that the risks were not symmetrical (i.e. he softly pointed to easing

being more likely than hikes).

- Reds and Greens are 3-3.5 ticks lower on the day, Blues 2.5-3 ticks lower and

Whites 0.5 to 2.5 ticks lower on the day.

- The Eurodollar strip has moved a little higher this morning with the U9-U0

area 1 tick higher on the day but the rest of the strip 0.5 ticks higher. Today

will be a busy day with Fed Chair Powell testifying before the Senate along with

some housing data and consumer confidence.

- Euribor has seen much more muted moves with most of the strip within 0.5 ticks

of yesterday's close.