Sterling made gains Friday on the back of.....>

CABLE: Sterling made gains Friday on the back of positive Brexit deal comments,

the release of US Employment Report only caused a slight hiccup as cable

extended recovery to $1.3123. Rate struggled initially to hold gains above

$1.31, dipped to $1.3063 before it climbed back to $1.3120 into the close.

Further positive Brexit comment from EU officials at the weekend allowed

sterling to open Asian markets with a firm feel, cable extended highs to $1.3134

before momentum faded and UST yields provided the USD with a general buoyant

tone. Cable eased to $1.3106 into early Europe. Friday's close above cable's

100-dma viewed as significant, along with EUR/GBP's break and close below its

200-dma, and seen supporting a positive technical outlook. Markets to remain on

Brexit headline watch. EU leaders meet Wednesday to discuss Article 50 with

Barnier expected to publish a draft political declaration outlining the EU's new

partnership with the UK. Wednesday also brings UK GDP, hopes August data to keep

growth outlook at 0.6% 3m/3m. On a technical note, one trader suggesting if

cable remains capped at $1.3114 in the next hour it could open a corrective

pullback toward the $1.3050/35 area.