 Sterling reverses and dives sharply as Brexit turns into a mess again. The new assurances UK Prime Minister Theresa May got from EU provided some nervous hope earlier today. But legal advice from Attorney General Geoffrey Cox killed the chance of getting the Brexit deal through the meaningful vote today. Basically, the updated deal just reduces risks of being tied in the Irish backstop forever. But such risk is not eliminated. Pound is now trading as the weakest one for today, despite strong January GDP data. Canadian Dollar follows as the second weakest. Dollar got not support from CPI inflation data, which slowed in February. The greenback is the third weakest. On the other hand, New Zealand Dollar is the weakest one, followed by Euro, and then Swiss Franc. In other markets, FTSE is currently up 0.19%. CAC is down -0.14%. DAX is down -0.19%. German 10-year bund yield is up 0.002 at 0.063. Earlier in Asia, Nikkei rose 1.79%. China Shanghai SSE rose 1.10%. Hong Kong HSI rose 1.46%. Singapore Strait Times rose 0.65%. Japan 10-year JGB yield rose 0.003 to -0.032. Just released, US headline CPI slowed to 1.5% yoy in February, down from 1.6% yoy and missed expectation of 1.6% yoy. Core CPI also slowed to 2.1% yoy, down from 2.2% yoy and missed expectation of 2.2%. yoy. | 
