Climbed to a high Monday of $1.3165 as........>

CABLE: Climbed to a high Monday of $1.3165 as sterling continued to claw back

lost ground as Brexit negotiations look to be closing in on an agreement. US

announcement of fresh tariffs on Chinese imports into the US, though well

flagged ahead, bruised risk outlook and took cable to a brief dip low of $1.3140

in Asia. Tokyo return saw good appetite in the Nikkei, which along with view

that US tariffs had been softened in detail, led to a recovery in risk which

allowed cable to edge to $1.3163. Rate eased to $1.3148 ahead of Europe on

profit taking but bounced back to post a fresh recovery high of $1.3166 as

market reacted to reported comments from UK Brexit Secretary Raab(Spiegel

online) 'good chance to do Brexit deal, but EU must also see it this way'. Rate

has backed off to $1.3160 but underlying tone remains buoyant. Resistance noted

around $1.3169/73, a break to expose $1.3200/10. Support remains into $1.3140.

Light UK data calendar Tuesday, focus on Wednesday's Inflation data release as

well as EU meeting in Salzburg(Sep19-20) where Brexit will be discussed.