Having initially pushed outside of....>

EURO-STERLING: Having initially pushed outside of the topside of the 1.0% 10-dma

envelope Thursday, rate touching Gbp0.8556, as sterling reacted negatively as a

Hard Brexit was placed back on the negotiating table, the rate has been able to

correct lower, moving back within the envelope Friday as it traded back to

Gbp0.8477(envelope top Friday Gbp0.8535). Late recovery to Gbp0.8532 before it

closed the week around Gbp0.8518. Thin trade in Asia saw rate touch a low of

Gbp0.8498, touched a high of Gbp0.8530 into Tokyo before it settled for the

balance of the overnight session between Gbp0.8510-20. Early Europe touched

Gbp0.8522, as sterling came under some general pressure but failed to trigger

any major momentum. 

- Top of 1.0% 10-dma currently comes through at Gbp0.8545, while rate remains

below keeps the 10-dma at Gbp0.8460 exposed.