Broad USD weakness allowed GBPUSD to extend...>

CABLE: Broad USD weakness allowed GBPUSD to extend its rally off Wellington

traded lows ($1.2702) to $1.2769, before fading. Rate sits in the middle of its

narrow range at the European crossover with immediate focus turning to the ECJ

rule (0800GMT) on whether or not the UK can cancel Brexit without the permission

of the other 27 EU members. In other news, the Times reports that PM May could

travel to Brussels to demand a better Brexit deal in a last ditch attempt, which

would almost certainly result in Tuesday's Meaningful vote being postponed.

Traders have reported of demand on approach to the $1.27 level, a break opens a

run at the Dec 4 ytd low at $1.2659. EURGBP holds at the peak of its range with

bulls targeting a break of the psychological 0.90 level (Gbp0.8994 - 76.4%

Gbp0.9098-0.8656).