Sterling took a general knock,........>

EURO-STERLING: Sterling took a general knock, following the Letwin Amendment

trip up to 'Super Saturday' Brexit deal vote. The cross edged up to Gbp0.8661,

off an early low of Gbp0.8609. Rate eased to Gbp0.8636 before it edged to

Gbp0.8656 into Europe. Sterling picked up fresh demand interest into the

session, which has allowed the rate to ease off to Gbp0.8621. The early push

higher did take the rate back within its 1.0% 10-dma envelope for a short while

but now looks to have settled back between the base of the 1.0% and 2.0% lines

(2.0% base Gbp0.8565). Some longer term technical traders see a move below

GBP0.8583 (E1.1650) opening potential for a move toward GBp0.8265(E1.2100).

Despite the current set back traders see a good chance a deal will be passed. If

breaks back above the 1.0% base (Gbp0.8653) it exposes the 10-dma, currently at

Gbp0.8740.