GBP has shook off the early USD strength...>

STERLING: GBP has shook off the early USD strength and now trades higher heading

in to a week filled with political risk.

- Reports suggest that Labour leader Jeremy Corbyn is set to reveal his

preference to remain in the EU on Monday, in a move which could lead to an

accord with a group of Conservative Party rebels. If the tie-up were to be

successful then it could quell issues surrounding the Irish border, although

such a move would seemingly hinder the UK's ability to strike trade deals

outside of the EU. 

- UK PM May is set to deliver a keynote Brexit speech later in the week.

- It is also worth noting that we heard from the BoE's Ramsden over the weekend.

He highlighted that signs of accelerating wage growth have convinced him that

swifter rises in interest rates are needed. As a reminder Ramsden was one of 2

BoE officials to dissent against the BoE's November interest rate hike.

- Cable last trades at 1.3992, with EURGBP 0.8796 last.

- For cable, immediate interest above the figure is located at Feb 21's high of

1.4008.