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Cable: Dec6 NY range $1.3360-95....>

STERLING SUMMARY
MNI (London)
STERLING SUMMARY: Cable: Dec6 NY range $1.3360-95. Dec7 Asia open $1.3393, range
$1.3366-98.
* Eur/Gbp: NY range Gbp0.8800-41. Asia open Gbp0.8807, range Gbp0.8804-24. 
* No positive developments Wednesday in the current Brexit negotiations saw
cable pressed down to $1.3360.
* However, Eur was under heavier pressure with Eur/Gbp pressed back to Gbp0.8800
which diverted a lot of the weight off cable. 
* Cable recovered to $1.3395 into the close, Eur/Gbp edged up to Gbp0.8823
before closing at Gbp0.8805/10. 
* Eur/Gbp spiked to Gbp0.8824 at Asia open, reaction to a Telegraph article EC
Juncker extends deadline to support PM May govt.
* Cable dropped to $1.3376, recovered to $1.3392 but sterling under fresh
downside pressure into Europe, eased to $1.3364.
* Eur/Gbp eased to Gbp0.8812 off initial react high but gradually edged back to
retest into Europe. 
* Halifax HPI 0830GMT, BOE Funding Scheme 0930GMT. Brexit remains key driver. 
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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