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Rate remains weak with GBP/USD sitting.....>

STERLING: Rate remains weak with GBP/USD sitting at lows. Latest bout of GBP
weakness follows reports in The Sun, citing Downing Street, saying that UK's
Brexit Minister Raab has no plans to visit Brussels this week - pushing back
expectations that deal progress could be forthcoming. GBP/USD traded at $1.3031
before stabilising a few pips above. The KBand strategy, one of the most
profitable trading strategies of the past 12 months for EUR/GBP, closed its
short EUR/GBP signal at the close on Friday, switching to a long recommendation
See POV: BREXIT EUPHORIA LOOKS STRETCHED, posted Friday 1242BST for full
MNI London Bureau | +44 203-865-3809 |
MNI London Bureau | +44 203-865-3809 |

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