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News reports suggest that PM May has..........>

CABLE
MNI (London)
CABLE: News reports suggest that PM May has offered to stand down once Brexit is
delivered, agrees to step down ahead of next phase, has taken cable to a fresh
intraday high of $1.3247(earlier high seen in NY $1.3246) but again runs into
headwind resistance. Traders have suggested that rate in recent sessions has
been hemmed in a basic $1.3150-1.3250 range, the rate has moved outside but not
for long. If we get a definite result on today's indicative votes we could see a
break out of this suggested range. PM May offering her job to get her deal
through now seen favoured with no-deal seen moving into the background but still
an option.    
MNI London Bureau | +44 203-586-2231 | john.webb@marketnews.com
MNI London Bureau | +44 203-586-2231 | john.webb@marketnews.com

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