GBP waned through the London..........>

EURO-STERLING: GBP waned through the London afternoon, ahead of the vote on UK

PM May's Brexit deal, hitting a session high of GBP0.8985 in a knee jerk

reaction as PM May was defeated by a margin of 230. GBP has regained some poise

since, with the rate extending to fresh intraday lows of GBP0.8855, last dealing

at GBP0.8860, with a fresh 2019 low registered in the process.

- Pair has broken below the 200-DMA at GBP0.8864, with bears now looking for a

close below to allow them to focus on the 61.8% retracement of the move from

GBP0.8656 to GBP0.9108 at GBP0.8829. Bulls look for a move back above the

100-DMA at GBP0.8898, before setting their sights higher.

- UK opposition Labour Party has tabled a vote of no confidence in UK PM May,

scheduled for tomorrow at 19:00 GMT. The ERG wing of the Tory party & DUP Party

have stated that they will back PM May in the vote.

- If May wins the vote she will start cross-party talks with opposition MPs

before returning to negotiations with the EU. Early EU rhetoric on the matter

has pointed to a lack of wiggle room for PM May.