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Rally Fades, But Strong Weekly Gains


Bears Threat Remains Present


Late SOFR/Treasury Option Roundup


St Louis Fed Director On Inflation, Growth


Needle Points North, Despite Friday Pullback

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UK Trade minister Fox told the Times that.....>

CABLE: UK Trade minister Fox told the Times that "Brexit is on a knife edge and
the chances of Britain leaving the European Union are "50-50" if MPs reject
Theresa May's deal." Elsewhere, EU's Juncker told the UK to "get your act
together" over Brexit. Finally, the Observer reported that "senior Tory and
Labour MPs are planning to force the government to delay Brexit by several
months to avoid a no-deal outcome if Theresa May fails to get her deal through
parliament in January."
- Cable last $1.2703, 5 or so pips higher on the day, after adding 50 pips or so
Friday, closing above the 21-DMA in the process. Bulls now target consolidation
above the Dec 20 high at $1.2707, followed by hourly resistance from Dec 10 at
$1.2720, in order to allow them to focus on the Dec 10 high at $1.2769 50-DMA at
$1.2787. Bears look for a break below the 21-DMA of $1.2658 & Friday's low at
- Services PMI, due Friday, provides the focal point of the UK docket this week,
with the manufacturing survey due Wednesday.
MNI London Bureau | +44 0203-865-3809 |
MNI London Bureau | +44 0203-865-3809 |

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