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USDCAD TECHS

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G7

Health Ministers Release Joint Statement

AUDUSD TECHS

Heavy!

BRAZIL

Precatorios Bill May Be Voted On This Thursday

CABLE
CABLE: Sterling retains a fairly buoyant tone in early European trade, the rate
having posted an early Tokyo low of $1.2825, as it extended its corrective
pullback off the post Meaningful Vote recovery high of $1.2890, on reported
GBP/JPY sales. However, buyers merged into the dip to correct rate back to
$1.2873, trading around $1.2850 in early Europe. Traders see rate within an
outside $1.25/1.35 range, a break of either side only to be seen if anything
major breaks. PM May expected to win today's Govt no-confidence vote, but should
she lose the base of that range likely to come under pressure. Market seen
taking direction by perception how far the UK is away from a Hard-Brexit. 
- Support $1.2825/20, resistance $1.2890, $1.2915-30.