A steady start to the week for........>

EURO-STERLING: A steady start to the week for EUR/GBP, trading 10 or so pips

softer at GBP0.8886 last.

- There was little in the way of standout developments re: Brexit over the

weekend, as UK PM May stuck to her guns, while Brexiteer ministers continue to

push for amendments to the Brexit deal, which will seemingly be rebuffed on the

continent. Finally, the ERG seems to lack the numbers to force a confidence vote

in the PM at present, although a reporter at Guido Fawkes reminds us that some

MPs wanted to take the weekend to consult their constituencies on matters

surrounding the PM's Brexit deal. Elsewhere EU chief Brexit negotiator Barnier

is set to put forward the idea of the transition period being extended to 2022,

with UK PM May travelling to the continent today.

- Friday's rally allowed bulls to take out both the 100-DMA and down trendline

resistance from the Aug 28 peak, shifting the outlook positive. The next upside

target comes in at the Oct 30 high at GBP0.8940. Bears need to push back below

the 100-DMA at GBP0.8882 to challenge the 55-DMA GBP0.8848 & 200-DMA at

GBP0.8835.