Cable: Aug16 close $1.2886,........>

STERLING SUMMARY: Cable: Aug16 close $1.2886, Aug17 Asia range $1.2885-1.2909,

Europe $1.2880-1.2909

*Euro-stg: Aug16 close stg0.9132, Aug17 Asia range stg0.9124-36, Europe

stg0.9094-0.9136

*The weaker US dollar theme spilled over into Asia, cable extended the slow

grind to hold either side of $1.2890

*Supply ahead of $1.2900 initially capped, but the level eventually gave way

with gains extending to $1.2909

*Slippage in tandem with euro-dollar made a show back under $1.2900 in early

Europe, the corrective pullback extended to $1.2889 before fading

*As recovery efforts remained shallow, fresh supply touched $1.2880 before dip

buyers cushioned ahead of the data

*The release of marginally better-than-expected UK Retail Sales (lifted by food

store sales) took the rate back above $1.2900 to $1.2907 before immediately

paring gains on mixed revisions

*Cable underpinned by the eur-stg move through stg0.9100, settled $1.2890/95.