Positive risk outlook through Monday..........>

CABLE: Positive risk outlook through Monday allowed sterling to recoup opening

Asia losses, which had seen cable dip to $1.2076, EUR/GBP rally to Gbp0.8959, in

reaction to BOE Haldane comments on negative rates. Cable recovered to $1.2209

in early NY, aided by a strong recovery in US equities on COVID vaccine hopes,

dipped to $1.2172 as BOE Tenreyro also made comments on negative rates, before

risk was given an added boost on the back of the Merkel/Macron COVID plan. Move

spiked EUR higher, took cable to $1.2227 but the strong rally higher in

EUR/GBP(rallied to Gbp0.8960) provided a counter and pressed cable back to

$1.2174 before it settled back toward $1.2200 through to the close. Early Asia

saw pressure resume on the $1.2200 level before it eventually gave way, allowed

rate to push up to $1.2222 before momentum faded and it eased off to $1.2184.

Fresh demand emerged to lift rate back above $1.2200 into early Europe. 

- Initial focus in Europe on the UK Employment/Earnings Report at 0600GMT,

Claimant Count to be watched.

- BOE BOE Bailey, Broadbent and Cunliffe at the TSC Tuesday, negative rates door

to remain open(1430BST).