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Cable: Asia open $1.3034, range....>

STERLING SUMMARY
MNI (London)
STERLING SUMMARY: Cable: Asia open $1.3034, range $1.3032-53. Europe open
$1.3050, range $1.3032-52.
* Eur/Gbp: Asia open Gbp0.9051, range Gbp0.90475-0.9058. Europe open Gbp0.9052,
range Gbp0.90515-0.9060.
* Cable eased through Friday's post NFP low of $1.3024 to $1.3014 in early NY
Monday, recovered to $1.3037 into close.
* Slow recovery continued in Asia as rate edged from $1.3032 to $1.3053.
* Eur/Gbp extended its recovery from Friday lows of Gbp0.8998 to Gbp0.9061 in NY
Monday, settled around Gbp0.9050 into close.
* Light data calendar Tuesday with focus remaining on dollar plays following
Friday's strong NFP. Focus on this Friday US CPI.
* Cable was pressed back to $1.3032 in early Europe as Eur/Gbp edged to
Gbp0.9060, just shy of Monday Gbp0.9061 high. 
* Cable recovered to $1.3047 as the cross eased off highs, settled around
$1.3040 late Europe morning. 
* Cable support $1.3015/00, $1.2990 stops. Resistance $1.3060, $1.3080-00. 
MNI London Bureau | +44 203-586-2231 | john.webb@marketnews.com
MNI London Bureau | +44 203-586-2231 | john.webb@marketnews.com

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