Sterling rises slightly after U.K. Prime Minister Theresa May said Tuesday that she'll take control of Brexit negotiations, a move that decreases the probability of a hard Brexit and hence supports the pound. But ING says "we don't expect yesterday's sterling recovery to have legs." ING adds: "We see sterling upside as limited and short-lived as we view yesterday's announcement as just formalizing what has been already the case with PM May being the key decision maker in the Brexit process." The GBP/USD is up 0.2% at 1.3168, while the EUR/GBP is down 0.1% at 0.8881. - via WSJ