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Cable: Asia open $1.3477, range....>

STERLING SUMMARY
MNI (London)
STERLING SUMMARY: Cable: Asia open $1.3477, range $1.3462-1.3517. Europe open
$1.3509, range $1.3456-1.3521. 
* Eur/Gbp: Asia open Gbp0.8740, range Gbp0.8700-40. Europe open Gbp0.8707, range
Gbp0.8690-0.8737.
* Newswires were abuzz suggesting a Brexit deal close greeted early European
traders Friday.
* Cable had seen a high in late Asia of $1.3517 on early positive soundings,
then extended to $1.3521 into announcements. 
* EU Juncker announced enough progress made to move on to Brexit trade
negotiations. 
* In a 'buy the rumour, sell the fact' move cable dipped back from pre
announcement levels to $1.3456. 
* Usd, which had been boosted late Thursday on US Trump infrastructure plans for
Jan, provided the Usd counter.
* Cable dropped to $1.3456, recovered to $1.3517 then drifted back to the
$1.3470 area. 
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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