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Sharp sell off in EUR/USD in early....>

MNI (London)
EURO-STERLING: Sharp sell off in EUR/USD in early Asian trade saw EUR/GBP drop
to Gbp0.8790, further extending the pullback from Monday's high of Gbp0.8832.
The move looked to have been exaggerated in thin conditions with rate recovering
through the balance of the Asian session, edging toward the early high of
Gbp0.8810. A move above to expose the Jun11 NY high of Gbp0.8824 ahead of
yesterday's high of Gbp0.8832. Support remains at Gbp0.8790 ahead of Gbp0.8771.
Focus today on the debate and voting on the Lord's amendments to the Brexit
Bill, likely to become more relevant into the afternoon(debates and voting
continue Wednesday). UK Employment Report at 0830GMT. Unemployment rate expected
to remain at 4.2% with more attention toward wages(market median 2.5% 3mYY,
ex-bonus 2.9%).    
MNI London Bureau | +44 203-586-2231 |
MNI London Bureau | +44 203-586-2231 |

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