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Cable: Dec15 NY range..............>

STERLING SUMMARY
MNI (London)
STERLING SUMMARY: Cable: Dec15 NY range $1.3300-97. Dec18 Asia open $1.3327,
range $1.3310-40. Europe open $1.3340.
* Eur/Gbp: NY range Gbp0.8808-60. Asia open Gbp0.8823, range Gbp0.8818-21.
Europe open Gbp0.8816.
* Usd closed off last week with a firm tone, cable pressed to a low of $1.3300
before it recovered to $1.3330 ahead of close. 
* Cable's recovery continued in Asia, off a posted low of $1.3310with rate
edging onto $1.3348 into early Europe. 
* Move saw Eur/Gbp sit back on its Asian low, albeit rate had been contained
within a very narrow range. 
* Sunday press provided no sterling negatives, in fact were seen supporting of
PM May in her efforts. 
* Market has basically ignored the Brexit warnings on trade from EU Barnier,
though these negotiations expected to be tough.
* UK CBI Trends at 1100GMT provides domestic data interest.  
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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