Sterling lost ground Tuesday as the...>

EURO-STERLING: Sterling lost ground Tuesday as the House of Commons rejected the

Cooper amendment, which proposed an extension of art. 50 to the end of 2019 if

PM May failed to secure a deal with Brussels by late Feb, the reaction taking

EUR/GBP to Gbp0.8756, off a pre amendment vote low of Gbp0.8678(Jan29 low

Gbp0.8656). Rate settled around Gbp0.8740 into the close as sterling pared some

of its losses. Asia continued the drift lower, touched Gbp0.8734 before it edged

to Gbp0.8747 into Europe. Rate currently trades back toward the earlier low of

Gbp0.8734. Rate currently seen straddling its 10-dma, the rate having settled

back within its key technical 1.0% 10-dma envelope, the base of which currently

comes through at Gbp0.8647, topside Gbp0.8822. PM May will return now to Europe

to try and renegotiate the Ireland border issue in the Withdrawl Agreement.

Goldman Sachs analysts were earlier reported saying they have revised up their

probability of 'No Deal' to 15% from 10%, keep probability of delayed Brexit at

50%, cut probability of 'No Brexit' to 35% from 40%.