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Cable: Aug17 close $1.2872,........>

STERLING SUMMARY
STERLING SUMMARY: Cable: Aug17 close $1.2872, Aug18 Asia range $1.2863-93,
Europe $1.2882-1.2919
*Euro-stg: Aug17 close stg0.9113, Aug18 Asia range stg0.9091-0.9106, Europe
stg0.9098-0.9115
*The risk-off theme continued in early Asia, stg-yen supply pressured to $1.2863
before easing
*Specs started to cover shorts and with added Tokyo-fix related demand, cable
was quick to pare early losses
*Rate tracked the euro-dollar recovery throughout Asia, this continued into
Europe with a move to $1.2898 before easing
*Minor pullback extended to the $1.2880/85 area, but soon faded to hold in
narrow range trade
*Euro-dollar provided fresh appetite, cable made a break of $1.2900, triggering
reported stops to $1.2919 before immediately paring light gains
*Euro-stg remained in consolidation mode and largely held 10 pips either side of
stg0.9100. Cable last $1.2897, eur-stg0.9110.

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