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Cable: Asia open $1.3341, range....>

STERLING SUMMARY
MNI (London)
STERLING SUMMARY: Cable: Asia open $1.3341, range $1.3341-82. Europe open
$1.3365, range $1.3365-1.3431.
* Eur/Gbp: Asia open Gbp0.8876, range Gbp0.8857-76. Europe open Gbp0.8867, range
Gbp0.88385-0.8867.
* Cable touched $1.3221 before news of Brexit deal spiked rate to $1.3388
Tuesday.
* Eur/Gbp had edged to Gbp0.8981 post fix then dropped to Gbp0.8848.
* Sterling pared part of its react gains into the close, cable eased to $1.3336,
Eur/Gbp edged to Gbp0.8879.
* Cable recovered to $1.3382 early Asia, eased to $1.3353 then slowly edged back
toward $1.3380 into Europe.
* Early Europe reaction to Tuesday Brexit news saw cable push on to $1.3431, as
Eur/Gbp dropped to Gbp0.88385.
* Strong Germany state CPI's boosted Eur, took cross to Gbp0.8860, which in turn
pressed cable back to $1.3400/1.3390.
* Sterling remains buoyed by Brexit news, awaits developments to drive.  
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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