Reaction to comments relating to Brexit at....>

CABLE: Reaction to comments relating to Brexit at the Conservative Conference

Monday acted to take cable to a spike high of $1.3116 but momentum quickly faded

for the rate to drop back to $1.3028 post London fix, settling around $1.3040

into the close. Consolidation in Asia with trade contained within a basic

$1.3035/50 range before strong sales of EUR/USD into Europe acted to press it

down to $1.3015. Move seen prompted by Italy headlines with pressure on the EUR

seen in EUR/GBP as this rate gets pressed down to Gbp0.8870 providing cable with

some minor buoyancy. Construction PMI provides the domestic data interest though

more focus on anything coming out of the Conservative Party conference,

especially with Boris Johnson making an appearance. BOE Haldane and Haskel are

to due to speak today. Cable support seen between $1.3010/00. Resistance

$1.3053(Asia high) ahead of $1.3083.