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USDCAD TECHS

Watching The 50-Day EMA

AUDUSD TECHS

Bearish Focus

MONTH-END EXTENSIONS

Updated Barclays/Bbg Extension Estimates for US

US TSYS

Late Session Selling

EURJPY TECHS

Consolidation Mode

Cable: Asia open $1.3283, range....>

STERLING SUMMARY
STERLING SUMMARY: Cable: Asia open $1.3283, range $1.3269-93. Europe open
$1.3275, range $1.3267-1.3321.
* Eur/Gbp: Asia open Gbp0.8767, range Gbp0.8860-68. Europe open Gbp0.8761, range
Gbp0.8737-66.
* Market positioning for Thursday's BOE MPC, 88%-90% priced in for a 25bp hike,
kept sterling buoyant into Asia.
* Eur/Gbp extended lows to Gbp0.8760 while cable edged to $1.3293 before it
eased with Eur/Usd to $1.3269.
* Eur/Gbp break below its 200-dma at Gbp0.8758 took cable above $1.3300 to
$1.3311. 
* Cable dropped back to $1.3282 as Usd demand was prompted by Usd/Jpy's show
above Y114.00. 
* Release of stronger than forecast UK Mfg PMI spiked cable to $1.3321, dropped
Eur/Gbp to Gbp0.8737. 
* Sterling remained firm late morning though just off best levels ahead of NY.