Asia open $1.3384, range $1.3369...>

STERLING SUMMARY: Asia open $1.3384, range $1.3369 - $1.3385, Europe open

$1.3382, range $1.3357 - $1.3396.

* After trading quietly overnight, sterling gained following final revisions to

Q3 GDP which saw underlying strength in investment, production and construction

components (see MNI Main Wire at 0941GMT) and resulted in GBP/USD being bid up

to $1.3397 before paring.

* Q4 GDP final reading was unrevised at 0.4% Q/Q but revised upwards to 1.7%

Y/Y. Household spending was revised lower, but still recorded the strong growth

since Q3 of last year.

* Tech resistance in GBP/USD noted between $1.3390/1.3400, with a break to

expose the stronger level of $1.3420.

* Of note, option expiries lie at $1.3485(Gbp338mn) in GBP/USD and

Gbp0.8750-55(E455mn) and Gbp0.9000(E333mn) in EUR/GBP.