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Sterling strength remains as we head toward...>

MNI (London)
CABLE: Sterling strength remains as we head toward UK Employment Report on the
half hour. Cable has extended its recovery, off earlier low of $1.3342, to
$1.3417, while EUR/GBP trades back under Gbp0.8800, after touching an earlier
high of Gbp0.8819. Upbeat comments from Brexit Secretary Davis on BBC R4 may
suggest the Govt will survive Tue/Wed debate/voting on the House of Lord's
amendments to the Brexit Bill and could be supporting the pound, though some
suggest it may be pointing to suggestions that the UK Report will come in on the
stronger side of expectations (market median unemployment 4.2%; Earnings 2.5% 3m
yy, ex-bonus 2.9%). Cable resistance now seen at $1.3418/22 ahead of $1.3440/55.
Support $1.3342. 
MNI London Bureau | +44 203-586-2231 |
MNI London Bureau | +44 203-586-2231 |

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