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The first half of today's Asia-Pac session....>

FOREX
FOREX: The first half of today's Asia-Pac session was headlined by a meeting
between UK PM May and EU Commission President Juncker on the eve of the
meaningful vote re: May's Brexit deal. A joint presser from both leaders pointed
to the temporary nature of the Irish backstop, but some eurosceptic MPs noted
that EU pledges fall short of exp. Nevertheless, GBP rallied across the board,
extending on yesterday's Brexit optimism. AG Cox's ruling on the matter will be
key. The DUP has chosen not to give a view on the developments at present.
- The yen has landed at the bottom of the G10 pile, as a combination of Brexit
optimism & a positive session for the Nikkei 225, which last trades ~1.7%
higher, conspired against the currency.
- AUD posted a leg lower upon the release of softer than exp. domestic housing
finance data & NAB biz. conf. survey, but the initial impact proved short-lived.
- Focus today turns to UK industrial/m'fing production & trade balance, U.S. CPI
and Swedish CPI. Elsewhere, RBA Dep Gov Debelle, ECB's Enria & Lautenschlaeger,
as well as Fed's Brainard will speak. The Brexit vote in the UK House of Commons
will be closely watched, and is expected at some point after 19:00 London.

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