Announced Brexit deal prompted a react........>

CABLE: Announced Brexit deal prompted a react spike to a high of $1.2990 before

the analysts got out their calculators to see if the numbers will add up in

parliament to get this deal passed. The DUP has said it will not back the deal

knocked sterling off its highs, with realisation that any vote at Saturday's

special sitting of parliament will be a very close affair. Cable dropped back to

$1.2758 but managed to edge back to ward $1.29 ($1.2893 close) into the close.

Early Asia applied pressure on the pound, seen as a further paring of longs,

took rate to an initial low of $1.2860. Market react to a BBC report that

Scotland's highest civil court is set to consider a legal bid to stop the UK

government from passing its proposed EU withdrawal agreement extended this move

to $1.2840 into Europe. Dip attracted early European buyers which have nudge

rate back toward $1.2870. 

- Brexit headlines will again provide the main drive for sterling. Traders will

try to judge if PM Johnson can whip up the numbers needed to pass his deal.

Sunday night/Monday morning expected to provide a lively start to next week's

trading.