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GBPUSD TECHS

Approaching Key Resistance

EURUSD TECHS

Approaching The 50-Day EMA

OUTLOOK

Monday Look Ahead, Markit PMIs, ISMs

OPTIONS

Larger FX Option Pipeline

Cable: Oct23 NY range..............>

STERLING SUMMARY
STERLING SUMMARY: Cable: Oct23 NY range $1.3158-1.3212. Oct24 Asia open $1.3198,
range $1.3193-1.3227. Europe open $1.3223
* Eur/Gbp: NY range Gbp0.8886-0.8924. Asia open Gbp0.8902, range
Gbp0.8894-06(Bbg). Europe open Gbp0.8895.
* Cable recovered off a NY opening low of $1.3158 to $1.3212, closed around
$1.3200. 
* Eur/Gbp drifted lower through Monday, further extending its pullback from
Friday's Gbp0.9022 high to Gbp0.8886.
* Cable touched a low of $1.3193 in Asia before it continued its recovery, edged
back to retest Monday's high of $1.3227. 
* Rate settled back around $1.3220 into Europe, while Eur/Gbp was confined to a
tight range around Gbp0.8900. 
* A data light day for the UK, focus set on Wednesday release of Q3 advance GDP
data. EZ and US flash PMI for today. 
* Brexit comment remains a key driver, following on from last week's positive EU
comments.   
MNI London Bureau | +44 203-586-2231 | john.webb@marketnews.com