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Cable: Aug28 NY range..............>

STERLING SUMMARY
MNI (London)
STERLING SUMMARY: Cable: Aug28 NY range $1.2898-1.2942. Aug29 Asia open $1.2934,
range $1.2920-46. Current $1.2945(0445GMT)
* Eur/Gbp: NY range Gbp0.9232-665. Asia open stg0.9265, range stg0.9248-69.
Current Gbp0.9250(0452GMT)
* Cable recovered off its UK holiday thinned Monday low of $1.2874 to $1.2942 in
NY.
* Rate eased to $1.2926 before edging to $1.2934 into the close. 
* Rate dipped to $1.2920 early Asia as markets reacted to N.Korea missile
launch. 
* Jpy pairs came under pressure, cable pressed to those lows in react to Gbp/Jpy
sales. 
* Rate recovered through the balance of the session to $1.2946, and was holding
firm into Europe. 
* Eur/Gbp extended recent highs to Gbp0.9269 on NK react then eased off to
Gbp0.9248.
* UK Nationwide House Prices at 0600GMT in an otherwise light data calendar.  
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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