General sterling weakness allows......>

EURO-STERLING: General sterling weakness allows EUR/GBP to stretch up to test

the topside of its 2.0% 10-dma envelope at Gbp0.9190, the highest level since

Sep 2017 (Gbp0.9226). Cross usually doesn't like to trade outside of its 1.0%

envelope and will try to ease back within, helped in part as the 10-dma edges

higher due to current spot level. Brexit the main driver, PM Johnson Monday

suggested he would walk a thousand miles to get an improved deal with the EU,

countering earlier comments from his Brexit Minister Gove who had earlier said

that no-deal was the government's central theme. Expect resistance at that

Gbp0.9190 level, a break of Gbp0.9200 to expose that Gbp0.9226 level. Minor

support seen into Gbp0.9150.