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There has been divergence in G3 STIR markets...>

STIR
STIR: There has been divergence in G3 STIR markets once again. The short
sterling strip is lower as Boris Johnson begins speaking at the Conservative
party conference with Whites down 1-1.5 ticks and the rest of the strip 2.5-3.5
ticks lower. Betting odds are little changed but the moves are largely said to
be due to increased expectations that Britain will stay in the EU longer and the
Brexit date extended as the deal the UK will offer to the EU will not be
expected.
- Elsewhere the Eurodollar strip has drifted up 1-2.5 ticks in general while the
Euribor strip is within 0.5 ticks of yesterday's close.

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