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Cable: Dec7 NY range...............>

STERLING SUMMARY
MNI (London)
STERLING SUMMARY: Cable: Dec7 NY range $1.3320-1.3485. Dec8 Asia open $1.3477,
range $1.3462-1.3517. 
* Eur/Gbp: NY range Gbp0.8734-0.8849. Asia open Gbp0.8740, range Gbp0.8700-40. 
* Gyrations caused by Brexit comment Thursday saw cable mark a low of $1.3320
then recover to $1.3485 in NY.
* Newswires abuzz again with positive comment suggesting a deal can be reached
so that talks can move on to Stage2 trade talks.
* Usd was boosted by source reports suggesting US Trump infrastructure plans
could be released by Jan30.
* This boost to the Usd provided some counter vs cable's rise. Rate dipped to
$1.3450 but was back toward $1.3480 into close. 
* DUP Leader to make statement later, PM May meeting EU Juncker boosted sterling
in Asia, took cable on to $1.3517. 
* Eur/Gbp extended its corrective pullback from Thursday high of Gbp0.8849 down
to Gbp0.8700. 
* UK IP/Mfg provides sideshow to Brexit developments. 
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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