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Cable: Asia open $1.3190, range....>

STERLING SUMMARY
MNI (London)
STERLING SUMMARY: Cable: Asia open $1.3190, range $1.3185-97 Europe open
$1.3188, range $1.3140-1.3218.
* Eur/Gbp: Asia open Gbp0.8920, range Gbp0.8920-0.8926. Europe open Gbp0.8920,
range Gbp0.8899-0.8931.
* Cable recovery off Tuesday lows of $1.3155 extended to $1.3197 in Asia (NY
$1.3194), faltered ahead of $1.3200. 
* Cable eased in early Europe, as Eur/Gbp edged to Gbp0.8931, touched $1.3164
before it bounced to $1.3190.
* General bid tone in sterling ahead of UK Jobs Report gained a boost on release
of data. 
* Fall in headline unemployment spiked cable on to $1.3218, dropped Eur/Gbp to
Gbp0.8899. 
* Decent sellers emerged into the react, and along with a rise in UST yields
pressed cable back to $1.3180.
* Usd demand continued and cable tracked Eur/Usd slippage, broke support at
$1.3155/45 before it based at $1.3140. 
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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