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Sterling was given a boost Monday.....>

EURO-STERLING
MNI (London)
EURO-STERLING: Sterling was given a boost Monday as Brexit Party Leader Farage
announced he would stand down candidates in sitting Conservative MP
constituencies, which is seen boosting PM Johnson's chances of winning the Dec12
election with a decent workable majority(making Brexit easier). EUR/GBP was
pressed through support at Gbp0.8585 to a low of Gbp0.8558 before it recovered
to Gbp0.8590, closing the day around Gbp0.8584. Rate found support at Gbp0.8577
in Asia and was seen edging back toward the Gbp0.8590 in early Europe. Rate
remains below its 10-dma (current Gbp0.8615), and seen keeping current
underlying bearish tone in place, with support offered by the base of its 1.0%
10-dma envelope which currently comes through at Gbp0.8529. Interim support seen
at Monday's low. UK Jobs data at 0930GMT but Election/Brexit remains key driver
for sterling. 
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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