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Dec21 cable range $1.3332 to.......>

STERLING SUMMARY
STERLING SUMMARY: Dec21 cable range $1.3332 to $1.3387, Eur/Gbp range
Gbp0.88695-0.8890. Dec22 cable open $1.3384, range $1.3369-85. Eur/Gbp open
Gbp0.8866, range Gbp0.88385-0.8866
*With the focus on euro, cable was in consolidation mode and confined to a
narrow $1.3369-85 range
*EurGbp opened lower on the Catalan election result and proceeded to drift from
Gbp0.8866 to Gbp0.8858. Unexpectedly, Catalonia's three pro-independence parties
claimed victory 
*Warnings from acting German Foreign Minister Sigmar Gabriel of a minority
government, he also added, an unstable government in Germany could probably lead
to political upheaval in Europe,  then saw the cross drop violently from
Gbp0.8858 to Gbp0.88385. 
*Eur/Gbp managed to recover to near Gbp0.8860 and then consolidated in the
Gbp0.8850's for the balance of the session.
*UK Q3 final GDP data provides the domestic event risk for the session ahead.

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