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### Sterling under fresh pressure in..........>

CABLE
MNI (London)
CABLE: ### Sterling under fresh pressure in Europe.
Sterling under fresh pressure in early Europe, early sales breaks rate out of
its overnight Asian consolidation range of $1.3462-82, extending the base to
$1.3438. Next technical support seen at $1.3415/05. Brexit negotiations Monday
looked to be going well until objections were voiced by the Conservative
coalition partner DUP, comments reversed cable from a high of $1.3538 to $1.3415
before rate recovered to $1.3480 into its close. Conservative/DUP negotiations
will be watched ahead of the Dec14/15 European Council Leaders Summit where
hopes are still in place to move negotiations on to trade. 
* UK Services and Composite PMI, along with UK Reserves at 0930GMT provides
domestic data interest. 
* Support $1.3415/05, $1.3380 with reported model stops below. Resistance
$1.3480/85.
* Options: Expiry for today's NY cut *GBP/USD: $1.3350(Gbp747mn)   
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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