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Gbp/Usd: Dec8 close $1.3385,.......>

STERLING SUMMARY
STERLING SUMMARY: Gbp/Usd: Dec8 close $1.3385, Dec11 Asia range $1.3352-1.3415,
Europe $1.3362-1.3431
*Eur-Gbp: Dec8 close Gbp0.8785, Dec11 Asia range Gbp0.8777-0.8810, Europe
Gbp0.8773-0.8828
*Weekend press reports had suggested the Brexit divorce bill from the EU could
climb from Friday's projected E40-45bn
*Brexit Secretary David Davis was also in the news after he said the deal was
more of a statement of intent than a binding agreement
*After a quiet start in Asia, cable lifted to $1.3403, Gbp/Jpy demand was the
reported catalyst with talk of demand from Japanese life companies
*Stg momentum continued into Europe, the break of $1.3410/15 triggered fresh
demand interest to $1.3431 before fading
*Rate was quick to pare gains, slippage back under $1.3400 extended to $1.3362
with added weight via Eur/Gbp
*The cross reclaimed Gbp0.8800 and continued to drive higher, eventually topping
out at Gbp0.8828.

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