FX – USD continues to be bid up on safe haven status (as the two main strong USD drivers of i/r prospects and growth are both absent) but unusually USDJPY also remains buoyant (trading >109). GBP piked after PM May’s speech but settled back to little changed as her speech was overall perceived as Plan B = Plan A.

Commods – WTI double top on the hourly and trades down to support at $53.50, while Gold prices struggle to hold Jan lows, supported by concerns over a slow-down in global economic growth and uncertainty around Brexit but pressured by a firm dollar.

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