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

CABLE: Sterling made gains Tuesday on the back of the release of stronger than

forecast earnings growth, with the unemployment rate dropping back to equal

multi-decade lows. The initial data move saw rate trade up to $1.2928, off a low

of $1.2856, then extended the rally to $1.2975 through a returning NY market.

Rate closed the day around $1.2955. EUR/GBP also reflected sterling strength as

it pressed to a low of Gbp0.8760 before finding decent support. Cable slowly

drifted lower through a fairly quiet Asian session, eased to $1.2943 ahead of

Europe before fresh demand emerged into the new session. Rate trades around

$1.2965 at writing and looks fairly buoyant. Resistance noted into $1.2975 ahead

of $1.2994-1.3001(Jan18-Jan17 highs). Support $1.2930/20 ahead of

$1.2900/1.2890.

EUR/GBP slowly edged its way to Gbp0.8782, as sterling pared Tuesday's gains,

dropped back below Gbp0.8780 early Europe. Base of its 1.0% 10-dma envelope

currently at Gbp0.8766, Jan22 low Gbp0.8760. 

- UK econ calendar for the week rather light. BoE Broadbent set to speak later

today, but Brexit matters remain in the spotlight.