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Cable: Dec1 NY range...............>

STERLING SUMMARY
MNI (London)
STERLING SUMMARY: Cable: Dec1 NY range $1.3445-1.3522. Dec4 Asia open $1.3478,
range $1.3431-1.3513. 
* Eur-Gbp: NY range Gbp0.8791-0.8844. Asia open Gbp0.8827, range
Gbp0.8785-0.8836. 
* Senate passing of the US Tax Bill boosted the Usd Friday, overcoming Flynn
concerns, saw cable trade down to $1.3445.
* Cable recovered to $1.3484 into the close but was quickly pressed down to
$1.3431 on early Asia reaction. 
* Times report that a senior(unnamed) EU official has said the Brexit deal is
90% there spiked sterling higher.
* Cable rallied to $1.3513, but with concerns remaining for an Irish border
resolution rate drifted off to $1.3456.
* Eur/Gbp dropped from Gbp0.8836 to its low of Gbp0.8785 on the Times reaction
but recovered to Gbp0.8820 into Europe. 
* UK Construction PMI at 0930GMT. Brexit will grab headlines, PM May to meet EU
Juncker during the day.   
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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