Rate improves to the best levels of...>

EURO-STERLING: Rate improves to the best levels of the session as EUR climbs

toward the top end of the G10 pile. EUR/GBP prints Gbp0.8670 and now targets

last week's highs at Gbp0.8681 to take another leg higher. The 2% Upper

Bollinger Band lies just above there at Gbp0.8696 with the Feb20 high at

Gbp0.8715. GBP remains somewhat weak given continued political uncertainty in

the UK - weekend reports suggested Theresa May will be told this week that she

must step down as prime minister by the end of June or her MPs will change the

Tory party leadership rules to force her out. Sir Graham Brady, chairman of the

back-bench 1922 committee, is set to visit May to tell her that 70% of her MPs

now want her to resign for botching Brexit and presiding over a collapse in Tory

support.