Cable: Asia open $1.3443, range....>

STERLING SUMMARY: Cable: Asia open $1.3443, range $1.3405-45. Europe open

$1.3429, range $1.3380-1.3430. 

* Eur/Gbp: Asia open Gbp0.8797, range Gbp0.8799-0.8825. Europe open Gbp0.8820,

range Gbp0.8814-37. 

* Recovery off $1.3371 extended to $1.3460 in NY Tuesday before rate settled

around $1.3445 into the close.

* Eur had come under pressure through Tuesday's NY session, rate pressed down to

Gbp0.8780 from Gbp0.8868.

* Cross recovered to Gbp0.8800 into the close, Asia extended move to Gbp0.8825.

* Telegraph noted a possible Cabinet revolt (Johnson and Gove) which knocked

cable down to $1.3405 early Asia.

* Cable recovered to $1.3436 but struggled to hold gains. Early Europe then

added downside weight.

* Cable traded to an eventual low of $1.3380 as Eur/Gbp edged to Gbp0.8837.

* Brexit concerns continue with little in the way of positive news to aid

sterling.