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-Yet another session with sterling in the.....>

FOREX
FOREX: -Yet another session with sterling in the spotlight as cabinet
resignations, terrible economic data and political uncertainty weighed further.
GBP/USD slipped below $1.30, $1.29 and $1.28 with ease as several cabinet
members (most notably the Brexit secretary Raab) resigned in protest of May's
negotiated exit deal with Brussels. The PM's end-of-day press conference came
and went with little consequence. 
-Antipodeans gained over all others, with AUD the strongest of the day as
markets held gains following strong Australian numbers during the Thursday
session.
-After suffering for much of the Asia-Pacific trading day, the dollar bounced
back throughout Europe and US, but the DXY sticks to the recent range as all
eyes remain on Westminister.
-Focus turns to Kiwi Manufacturing PMI, Eurozone CPI numbers, US industrial and
manufacturing production data and speeches from RBA's Debelle, ECB's Draghi and
Weidmann as well as Fed's Evans.

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