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Cable: Asia open $1.3308, range....>

STERLING SUMMARY
MNI (London)
STERLING SUMMARY: Cable: Asia open $1.3308, range $1.3288-1.3308. Europe open
$1.3291, range $1.3278-1.3332.
* Eur/Gbp: Asia open Gbp0.8905, range Gbp0.8901-21. Europe open Gbp0.8917, range
Gbp0.8894-0.89185.
* Eur demand remained evident in Asia as Eur/Gbp edged on to Gbp0.8921, held
just off high into Europe.
* Cross move weighed on cable, took rate off its opening high of $1.3308 to
$1.3288.
* Usd demand early Europe saw cable drop to $1.3278 before Brexit positive
comments from PM May/Eu Juncker reversed.
* Cable rallied to $1.3330, Eur/Gbp dipped to Gbp0.8894. 
* Strong Germany Ifo took cross back above Gbp0.89. Cable held firm, extended
topside $1.3332 late morning.
* US markets partially return after the Thanksgiving holiday. Traders to watch
UST yields following Wednesday FOMC Minutes. 
* PM May in Brussels, sideline meeting with EU Tusk. 
MNI London Bureau | +44 203-586-2231 | john.webb@marketnews.com
MNI London Bureau | +44 203-586-2231 | john.webb@marketnews.com

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