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Release of poor EZ Flash PMI's acted to.......>

CABLE
MNI (London)
CABLE: Release of poor EZ Flash PMI's acted to suppress the EUR across the
board, in turn took EUR/GBP from around Gbp0.8665 to a low of Gbp0.8533 (seen
into the 1600GMT fix), further extending the corrective pullback from Thursday's
high of Gbp0.8723. The move allowed cable to extend its recovery, off Thursday's
low of $1.3004, to $1.3234 (again into the fix) before momentum faded. Rate
dipped back to $1.3178 but currently trying to build on its move back above
$1.3200. EU provided an extension to Brexit until May22, if the PM can get her
Withdrawl Bill through Parliament, other wise extension to be shortened to
Apr12, which some see as putting the chances of a softer Brexit over No-deal
which has aided sterling's recovery. Resistance seen between $1.3220/30 ahead of
$1.3250. Support $1.3150, $1.3100 stronger into $1.3080. Weekend press
assessment will be the interest into Monday opening.  
MNI London Bureau | +44 203-586-2231 | john.webb@marketnews.com
MNI London Bureau | +44 203-586-2231 | john.webb@marketnews.com

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