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Cable deals little changed at $1.2925. -......>

CABLE: Cable deals little changed at $1.2925.
- GBP has ignored the latest batch of Brexit headlines. An FT article focused on
an informal EU summit in Salzburg later this month. The FT notes that
"ambassadors in Brussels have been told that, as well as the planned timing of
any deal and sticking points such as the Irish border, the meeting will discuss
whether to issue additional guidance to Michel Barnier." There seems to be
little need for a broad change in mandate, according to the report. There are
also references to questions over the detailed required in the deal, and the
lack of EU support for the Chequers deal, neither are new topics. Elsewhere the
Telegraph reported that "Ministers are being ordered to tell the public there is
no alternative to PM May's widely unpopular Chequers plan, according to a leaked
Downing St. memo." While the Independent reported that "Brexit talks are at risk
of collapse as a planned EU compromise on the critical question of the Irish
border has been branded "unacceptable" by British cabinet ministers.
- The BoE MonPol decision, UK labour market report & GDP/output data headline
this week.
MNI London Bureau | +44 0203-865-3809 |
MNI London Bureau | +44 0203-865-3809 |

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