Sterling was given a sharp boost in early.....>

CABLE: Sterling was given a sharp boost in early Asian trade as market reacted

to a Telegraph report suggesting that the UK would have to stay in alignment

with the EU Customs Union, possibly beyond 2021, due to technology issues linked

to the Irish border. Cable Pushed above $1.3500 but reportedly met resistance at

$1.3517. Once this level gave way rate advanced on to $1.3552. General USD sales

then provided the impetus to lift rate above its 200-dma at $1.3560 before it

stalled at $1.3569. Rate then corrected back to $1.3538 into Europe, as Asian

traders covered longs, but fresh demand has lifted rate back to $1.3566.

Resistance remains at $1.3569/72 ahead of $1.3600, $1.3608/18. Main support

remains between $1.3460/50. Light data calendar in the UK. US Weekly Jobless

Claims and Phila Fed provide interest into the afternoon as UST yields continue

to influence.