Cable: Asia open $1.2900, range....>

STERLING SUMMARY: Cable: Asia open $1.2900, range $1.2882-1.2906. Europe open

$1.2883, range $1.2839-90.

* Eur/Gbp: Asia open Gbp0.9159, range Gbp0.91555-0.91625. Europe open Gbp0.9164,

range Gbp0.9155-0.91735.

* Cable's Monday recovery was outpaced by Eur/Usd, allowed Eur/Gbp to edge to a

13-mth high of Gbp0.9161 in NY.

* Cross consolidated these gains in Asia between Gbp0.91555-0.91625, though

extended to a fresh 13-mth high.

* Cable initially eased to $1.2894 early Asia, edged up to mark highs of $1.2906

then sank back to $1.2882.

* Pullback extended to $1.2876 early Europe, recovered to $1.2890 then turned

lower again. 

* Eur/Gbp extended lows to Gbp0.9155 early Europe then bounced to fresh highs of

Gbp0.91735 as sterling met stronger pressure. 

* Cable pressed to a low of $1.2839, brushed aside better Borrowing data, but

dollar driven move eased cross to Gbp0.9165.