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Cable: Asia open $1.3478, range....>

STERLING SUMMARY
MNI (London)
STERLING SUMMARY: Cable: Asia open $1.3478, range $1.3431-1.3513. Europe open
$1.3461, range $1.3418-62.
* Eur-Gbp: Asia open Gbp0.8815, range Gbp0.8785-0.8836. Europe open Gbp0.8827,
range Gbp0.8814-32. 
* Cable was pressed down to $1.3431 on early Asia reaction to the passing Friday
of the US Tax Bill through the Senate.
* Times report that a senior(unnamed) EU official said Brexit deal is 90%
provided a sharp sterling positive reversal.
* Cable rallied to $1.3514, but with concerns remaining for an Irish border and
ECJ resolutions rate drifted off to $1.3456.
* Eur/Gbp dropped from Gbp0.8836 to its low of Gbp0.8785 on the Times react,
recovered to Gbp0.8820 into Europe.
* Early Europe Usd demand dropped cable to $1.3418 but was able to track Eur/Usd
recovery to $1.3460.
* Cable drifted off to $1.3426, only getting slight relief on strong
Construction PMI. 
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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