 Sterling is sold off broadly today as it's getting unlikely to have a Brexit breakthrough at the Sharm El-Sheikh summit on Sunday. Prime Minister Theresa May is highly unlikely to bring back any revised deal for parliament approval next Wednesday. Dollar follows as the second weakest as markets await result of US-China trade negotiations. Trump is set to meet Chinese Vice Premier Liu He at 2.30 pm Eastern Time. A lack of concrete progress will be a huge blow to market sentiment. On the other hand, Australian Dollar is the strongest one for today, reversing some of yesterday's decline. China denied that the news that Dalian ports banned Australian coal imports. But it should be noted that Aussie was also pressured on talks of RBA rate cuts this year. So, it's too early to cheer the rebound. New Zealand Dollar follows and also reversed earlier losses today. Canadian Dollar shrugs off mixed retail sales data, but follows oil prices higher. Headline retail sales dropped -0.1% mom in December versus expectation of -0.3% mom. Ex-auto sales dropped -0.5% mom versus expectation of -0.3% mom. In Europe, FTSE is up 0.42%. DAX is up 0.39%. CAC is up 0.28%. German 10-year yield is down -0.0257 at 0.104. Nikkei dropped -0.18%. Hong Kong HSI rose 0.65%. China Shanghai SSE rose 1.91%. Singapore Strait Times dropped -0.24%. Japan 10-year JGB yield dropped -0.0008 to -0.041. | 
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