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Resumes Its Uptrend


USD/JPY - Short Term Peak In Place?


A Touch Firmer & Flatter, Back From Extremes


Some Screen Lifts OF TYM2


Timeline of key events (Times BST)

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STERLING: For all the Brexit gusto, GBP  deals little changed vs. USD & EUR,
following last week's impressive bounce, which was of course tied into the
latest developments at Westminster. We have outlined the recent polling results,
Rudd's resignation & other pertinent matters in recent bullets, but the latest
development comes via The Times. The paper reports that PM "Johnson has
signalled to cabinet ministers that the gov't would have to accept a further
3-month delay to Brexit if it is forced on him by the courts. In a private
climbdown from his repeated insistence that Britain will leave the EU on Oct 31,
the PM has assured senior colleagues that he will "abide by the law."
- GBP/USD at $1.2278. Bulls need to reclaim $1.2293, the 50-DMA to allow them to
focus on last week's peak at $1.2354. Bears look to the Sep 5 low at $1.2210 as
the next level of support.
- EUR/GBP deals at GBP0.8972. Friday's low at GBP0.8945 provides the initial
bearish target, while bulls will look to reclaim GBP0.9000, which would open the
way to Sep 5 high at GBP0.9031.
- Westminster events ahead of the exp. parliament suspension set to dominate.
MNI London Bureau | +44 0203-865-3809 |
MNI London Bureau | +44 0203-865-3809 |

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