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Cable: Asia open $1.3136, range....>

STERLING SUMMARY
MNI (London)
STERLING SUMMARY: Cable: Asia open $1.3136, range $1.3124-51. Europe open
$1.3126, range $1.3102-35.
* Eur/Gbp: Asia open Gbp0.89445, range Gbp0.8935-0.89445. Europe open 
Gbp0.8941, range Gbp0.8935-62.
* Cable rallied to $1.3152 post US GDP Friday, just shy of Thursday's high of
$1.3159, then eased to $1.3133 into close.
* Cable initially trailed Eur/Usd's stronger recovery, allowed Eur/Gbp to push
up to Gbp0.8969, dropped to Gbp0.8940 into close.
* Cable eased to an early Asia low of $1.3126, recovered to $1.3151 then drifted
off to $1.3124.
* Rate recovered to $1.3130 ahead of the European open, extended move in early
trade to $1.3135.
* Cable dropped back with Eur/Usd, though Eur/Gbp ease to Gbp0.8935 helped buoy.
* Cable recovered to $1.3127 then dropped to $1.3102 as Eur/Gbp spiked to
Gbp0.8962 on EZ Flash CPI.
* Sterling met demand into dip which allowed for a partial recovery. 
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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