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Telegraph report overnight suggesting EU......>

CABLE
MNI (London)
CABLE: Telegraph report overnight suggesting EU Juncker has extended the
deadline for Brexit negotiations, adding that he doesn't want to apply pressure
which may bring the May Govt. down, weighed heavily on sterling in early Asia
and continues to apply a counter in Europe to recovery hopes. Rate currently
trades around $1.3374 as market awaits further Brexit developments/headlines for
directional impetus. Support $1.3358/55(Dec6 low/38.2% $1.3040-1.3550),
suggested stops on a break of $1.3350. Resistance into $1.3400. 
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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