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Cable: Asia open $1.3296, range....>

STERLING SUMMARY
MNI (London)
STERLING SUMMARY: Cable: Asia open $1.3296, range $1.3275-1.3309. Europe open
$1.3287, range $1.3270-1.3312
* Euro-stg: Asia open Gbp0.8880, range Gbp0.8878-90. Europe open Gbp0.8883,
range Gbp0.8857-89.
* Cable closed NY Friday at $1.3290, off its initial US CPI react high of
$1.3337. 
* Sterling opened Asia on a buoyant tone, cable was marked up to $1.3310,
Eur/Gbp down to Gbp0.8878.
* Sky News PM May will make unexpected trip to Brussels, and Independent's Davis
'emergency' trip boosted sterling.
* Cable consolidated between $1.3280/1.3300 through balance of session into
Europe. 
* Early Europe pressure on Eur/Usd saw cable initially pressed to $1.3271 but
bounced back as Eur/Gbp eased.
* Eur/Gbp fell away to Gbp0.8857 which in turn took cable up to $1.3312.
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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