Rate saw a high of $1.4027 in NY before it....>

CABLE: Rate saw a high of $1.4027 in NY before it pulled back to $1.3964, then

closed back above $1.4000. Asia marked an early low at $1.4000 before it took

rate on to a high of $1.4049. Move was seen as a reaction to the general

pressure on the Usd, with sterling being a major beneficiary in recent sessions.

Weekend comments from France Macron, along with press suggestions that the UK

has 'agreed' a Norway type trade agreement, has many suggesting the UK is

heading more toward a soft Brexit which has helped to boost the pound. Eur/Gbp

breaking and holding below Gbp0.8800 boosts this outlook. The stall at $1.4049

will likely prompt talk of barrier interest at $1.4050, though no confirmation

for this heard. A break of $1.4060 to open a move on toward $1.4070/75 ahead of

$1.4100. Support remains at $1.4000.

* UK Employment Report 0930GMT. Traders watch if 3m/3m employment can move back

to positive following Oct's show of -56k(median -12k)