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Cable: Asia open $1.3227, range....>

STERLING SUMMARY
MNI (London)
STERLING SUMMARY: Cable: Asia open $1.3227, range $1.3208-33. Europe open
$1.3223, range $1.3220-67.
* Eur/Gbp: Asia open Gbp0.8965, range Gbp0.8959-69. Europe open Gbp0.8959, range
Gbp0.8925-62.
* Cable challenged $1.3220 early Asia, touched $1.3219 then bounced to $1.3233
before it reversed again.
* Rate pressed to an extended low of $1.3208 then edged back toward $1.3220
ahead of the European open.
* Cable touched an early high of $1.3236, dipped to $1.3222 then edged to
$1.3230 into UK Services PMI. 
* Strong data allowed rate to clear above $1.3250, stops triggered through
$1.3255 before it touched $1.3267. 
* Eur/Gbp dipped to Gbp0.8925 before sterling pared gains, cable to $1.3245,
cross to Gbp0.8938. 
* BOE 'Super Thursday'. Unchanged rates expected, vote split in focus (6-2
favored but chance for 5-3).
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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