It has been a risk on past 24 hours with US equities leading the gains within developed markets. A better than expected January US Retail Sales print has been one supporting factor despite downward revisions to what was already a soft December number. The US Dollar is broadly softer with Sterling the big mover amid speculation Prime Minister May has secured some EU concessions ahead of her Brexit deal vote this afternoon. US Treasury yields are 1bps higher along the curve and both antipodean currencies have enjoyed a small uplift given the overnight improvement in sentiment.
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