Cable: Aug21 NY range..............>

STERLING SUMMARY: Cable: Aug21 NY range $1.2878-1.2916. Asia open $1.2900, range

$1.2882-1.2906. Current $1.2886(0444GMT)

* Eur/Gbp: NY range Gbp0.9128-61. Asia open Gbp0.9159, range Gbp0.91555-0.91625.

Current Gbp0.9162(0447GMT)

* Cable recovered off its Monday low of $1.2851 to $1.2916 in NY, further

extending the recovery from Friday low of $1.2832. 

* Rate eased then settled around $1.2900 into the close.

* Cable's recovery was outpaced by Eur/Usd which allowed Eur/Gbp to edge to a

13-mth high of Gbp0.9161 in NY.

* The cross consolidated these gains in Asia between Gbp0.91555-0.91625, marking

a fresh 13-mth high.

* Cable initially eased to $1.2894 early Asia, edged up to mark highs of $1.2906

then sank back to $1.2882.

* UK Public Borrowing data 0830GMT. UK CBI Trends 1000GMT. 

* Cable support $1.2880/70, stronger $1.2850. Resistance $1.2915/20, $1.2940/50.