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Brexit uncertainty continues to keep the......>

MNI (London)
CABLE: Brexit uncertainty continues to keep the pressure on sterling, weekend
comments from PM Johnson Aide Dominic Cummings that a EU no-deal exit is now too
late to stop, though disputed by former Attorney General Dominic Grieve,
counters any risk-off benefit. Cable did manage to edge to a high of $1.2188 at
the Tokyo open, as risk aversion was given a boost on the back of the ongoing
US-China trade spat, with sales of USD/JPY leading the move. However, cable
struggled to hold gains, backed off to $1.2141, before it settled around $1.2150
into Europe. Fresh sales emerged which has pressed rate to an extended pullback
low of $1.2112. Support is seen into $1.2100, a break to expose the Aug2/Aug1
lows of $1.2091/80 respectively. Resistance $1.2188.
- UK Services PMI data due at 0830GMT, median 50.3 though some see a chance for
a dip under 50 which if occurs would add to sterling negativity.   
MNI London Bureau | +44 203-586-2231 |
MNI London Bureau | +44 203-586-2231 |

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