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Vote Thursday that would make.........>

MNI (London)
EURO-STERLING: Vote Thursday that would make proroguing Parliament to force
through a no-deal Brexit, along with a slight softer stance in EU negotiations
and better than forecast UK Retail Sales, provided for a sterling recovery.
Cross had seen a high of Gbp0.9051 Wednesday, the corrective pullback was
pressed to a low Thursday of Gbp0.8980, closing the day below its 10-dma at
Gbp0.8991 at Gbp0.8987. Sterling retained strength through Asia, the cross able
to extend pullback to Gbp0.8973, with recovery efforts in this session capped by
Gbp0.8980. Early Europe has edged rate up to Gbp0.8992, though holding just shy
of the 10-dma, which by time has moved up to Gbp0.8994. 
- Support seen at Gbp0.8980/70. Resistance Gbp0.9000, Gbp0.9015. 
- 10-dma 1.0% envelope - top Gbp0.9084, base Gbp0.8904.    
MNI London Bureau | +44 203-586-2231 |
MNI London Bureau | +44 203-586-2231 |

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