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COPPER TECHS

(Z1) Approaching The 50-Day EMA

LATAM FX

Price Signal Summary: USD Remains Below Recent Highs

PIPELINE

Citigroup 3Pt on Tap

US TSYS

Repo Reference Rates

EURO-STERLING
EURO-STERLING: Touched an extended high of Gbp0.8596 in early European trade
Tuesday, but faltered ahead of the highlighted topside of its 1.0% 10-dma
envelope. Reversal away saw the cross ease off to Gbp0.8540, closing the day
around Gbp0.8543. Rate touched a high in Asia of Gbp0.8552 then drifted down to
post an extended pullback low of Gbp0.8537. The rejection away for the envelope
top (currently coming through at Gbp0.8595) now brings the 10-dma into view at
Gbp0.8510. However, while rate holds above this latter level seen keeping
underlying outlook buoyant, a break to negate this. Interim support
Gbp0.8527/24(55-dma/21-dma). BOE MPC member Saunders speaks this morning at
0840GMT, known to be dovish and is one of the current dissenters in MPC voting,
ahead of UK inflation data at 0930GMT.