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Gbp/Usd: Dec13 close $1.3417,......>

STERLING SUMMARY
STERLING SUMMARY: Gbp/Usd: Dec13 close $1.3417, Dec14 Asia range $1.3385-1.3449,
Europe $1.3417-66
*Eur-Gbp: Dec13 close Gbp0.8812, Dec14 Asia range Gbp0.8797-0.8832, Europe
Gbp0.8781-0.8811
*News that PM May had lost a key Brexit vote in parliament late Wednesday, after
a group of her own MPs rebelled against the party line, took cable under $1.3400
*Cable then spiked higher from mid-$1.3420's to $1.3449, traders put the move
down to Eur/Gbp supply and for the balance of the session held a narrow
$1.3430-44 range
*Cable opened heavy in Europe, Eur/Usd slippage weighed to $1.3417 but was quick
to pare losses
*Holding firm ahead of UK Retail Sales, the release came in well above
expectations with stronger revisions
*Cable touched extended react highs of $1.3466 before light profit take sales
eased. Eur/Gbp made a show under Gbp0.8800 to Gbp0.8781
*Focus turns to 1200GMT when the BOE rate and QE outcomes will be released.

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