Cable: Asia open $1.3146, range....>

STERLING SUMMARY: Cable: Asia open $1.3146, range $1.3139-50. Europe open

$1.3145, range $1.3113-69.

* Eur/Gbp: Asia open Gbp0.8857, range Gbp0.8858-64.Europe open Gbp0.8860, range

Gbp0.8846-71.

* US tax reform, corporate tax cuts may be pushed back to 2019, continued to

weigh on the Usd in Asia.

* Cable consolidated through Asia between $1.3139/50, traded firm into Europe.

* Early demand into Europe edged cable to $1.3158 before a spike up in UST

yields weighed back to take it down to $1.3113.

* Move saw Eur/Gbp jump to Gbp0.8871, off an initial Europe low of Gbp0.8850.

* Strong cross sales then reversed the move, pressed cross down to $Gbp0.8846

which edged cable back up to $1.3150. 

* Release of strong UK data spiked cable recovery on to $1.3169 as Eur/Gbp

dropped back to retest Gbp0.8846. 

* Sterling struggled to hold react gains, settled between $1.3145/60.

* Cable remains stuck within an outside range of $1.3085-70 to $1.3180.