 Sterling pares back some of last week's loss and is trading as the strongest one for today so far. There were lot of comments on Brexit from both sides. In particular, UK Brexit Minister Dominic Raab tried to talk down the disagreement from EU. But the messages from the EU seemed to be rather consistent so far as they're not going to drop their demand. We'll know more on UK's side after Prime Minister Theresa May's cabinet meeting today. In the mean time, Euro follows as the second strongest for the day, Dollar the third. Australian and New Zealand Dollar are the weakest ones as China is clear they won't back down from trade war with the US. In other markets, European stocks trade generally lower today. FTSE is down -0.22% at the time of writing, DAX down -0.31%, CAC down -0.19%. Germany 10 year bund yield breached 0.48 earlier but is back at 0.468. China and Japan are on holiday. Hong Kong HSI closed down -1.62%, Singapore Strait Times closed up 0.05%. Technically, Dollar did try to strength earlier today but there is no follow through buying. Focus remains on whether it could reversal after hitting key fibonacci level at Euro at 1.1779. Risks stay on the downside for Sterling despite today's recovery. We'd still more likely seen GBP/USD breaks through 1.3042 support ahead. | 
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