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TURKEY

CBRT Exec Director for Markets Resigns

MARKET INSIGHT

Price Signal Summary - Oil Remains On The Back Foot

BUNDS

A pick up in spreads

GERMAN AUCTION RESULTS

7-year 0% Nov-28 Bund

Cable: Asia open $1.3104, range....>

STERLING SUMMARY
STERLING SUMMARY: Cable: Asia open $1.3104, range $1.3095-1.3139. Europe open
$1.3134, range $1.3124-50.
* Eur/Gbp: Asia open Gbp0.9178, range Gbp0.9178-0.9202. Europe open Gbp0.9190,
range Gbp0.9163-0.9200.
* Strong performance of Eur/Usd Thursday provided main drive though cable
struggled to keep pace.
* However, cable traded to $1.3115, dipped to $1.3062 before it edged back to
$1.3107 ahead of close.
* Early consolidation in Asia saw rate trade a tight range around $1.3100 before
fresh Usd pressure took it up to $1.3140.
* Pullbacks cushioned at $1.3125, the break below Y108.00 in Usd/Jpy saw cable
jump to a fresh high of $1.3150 early Europe. 
* Drift off in Eur/Usd from high of $1.2092 dragged cable back to $1.3125 but
Eur/Gbp slippage helped buoy. 
* Cross eased to Gbp0.9163 while cable traded just off the earlier $1.3150 high.