As noted above, the single currency overcame worrying German inflation data in the context of ECB concern over its dampening impact on prices, and seemingly substantial offers at 1.1700 vs the Dollar to breach the round/psychological number on the way through a recent peak (1.1719 from September 23rd) to trade above 1.1740. Moreover, the Euro turned tables on the Pound somewhat around the 0.9100 level as BoE Governor Bailey stressed that NIRP remains in the MPC toolbox, but it has not decided yet whether or when to bite the bullet. However, Sterling got another Brexit boost from reports that the UK has dispatched 5 new trade deal draft proposals to the EU, including key bones of contention like fishing, the LPL, state aid, law enforcement, energy, mobility and coordinating social security. Cable briefly touched 1.2900 in response, but pared back awaiting the initial reaction from Brussels.