There is some divergence between G3 STIR.......>

STIR: There is some divergence between G3 STIR markets this morning.

- Both short sterling and Euribor futures have moved higher this morning as the

latest noises out of Europe seem to be fairly dismissive of the UK's Brexit

offer. We are still yet to hear from the major players in Germany, France and

Italy but there seem to be issues with the deal from the Irish side. The Euribor

strip is 0.5-1 ticks higher across the curve while the short sterling strip is

1-1.5 ticks higher for Whites and Reds, 1.5-2.5 ticks higher for Greence and

2.5-3 ticks higher for Blues.

- The Eurodollar strip in contrast has moved a little lower, with most of the

strip down 1-1.5 ticks ahead of the release of the US employment report.