A generally softer USD seen Friday, post US...>

CABLE: A generally softer USD seen Friday, post US data and slippage in UST

yields, helped to fuel cable's firm close into the close. Market Brexit optimism

was the main driver with hopes that PM May would make a breakthrough over the

weekend to bring Brexiteers into line for a possible third airing of her

Withdrawl Bill. Cable had recovered off an early Europe low of $1.3203 to a post

1600GMT fix high of $1.3300 before it settled around $1.3290 into the close. No

reported progress in support for PM May's Bill seen over the weekend provided a

mild counter to underlying optimism during Asian trade, leaving cable to

consolidate between $1.3285/1.3300. No clear breakthrough in negotiations with

the DUP(if the Govt can bring the DUP into line it should begin to split the ERG

opposition) and Boris Johnson comments in the Telegraph that he would vote

against the Bill unless PM May can get some further concessions from the EU,

have further bruised the optimistic outlook in early Europe as rate extended the

base to $1.3272. However, the dip has attracted in buyers as rate now trades

around $1.3295. Similar situation to Friday evening where marker seen looking to

make a show above $1.3300 to probe for any stops.