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Sterling received a decent lift Monday as.....>

CABLE
MNI (London)
CABLE: Sterling received a decent lift Monday as market reacted to news that PM
May is near the conclusion of a grand trade deal. Cable rallied to a high of
$1.3877 as it recovered off an earlier low of $1.3767. Rate eased off to $1.3824
before it began to edge higher again into the close. Asia took move on to
$1.3863 before momentum again faltered Rate eased off to post an Asian session
low of $1.3837, recovered to $1.3850 into Europe before meeting fresh sell
interest. Rate currently trades around $1.3827, off a recently posted low of
$1.3817. Little in the way of domestic data with attention on BOE Haldane at
1815GMT. Brexit remains a key driver as negotiations continue. EZ transition
document published today though draft of this has been in the public domain for
a couple of weeks.  
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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