Cable: Aug30 NY range..............>

STERLING SUMMARY: Cable: Aug30 NY range $1.2878-1.2937. Aug31 Asia open $1.2918,

range $1.2908-29. Current $1.2928(0455GMT)

* Eur/Gbp: NY range Gbp0.9193-0.9243. Asia open Gbp0.9204, range

Gbp0.91865-0.9207. Current Gbp0.9188(0455GMT)

* Dollar recovery Wednesday(strong ADP and GDP) saw cable drop back to $1.2878.

* Rate recovered to $1.2938 then settled around $1.2920 into the close. 

* Cable buoyancy was aided by Eur/Gbp as cross extended its pullback from recent

Gbp0.9307(Aug29) to Gbp00.9193 into close. 

* Cable drifted lower from $1.2928 in early Asian trade to $1.2908 as the Usd

made general gains on UST yields. 

* Cable bounced back, posted a fresh intraday high of $1.2930 and held firm into

Europe. 

* Recovery again aided by Eur/Gbp as rate further extended lows to Gbp0.91865. 

* BOE Saunders speaks at 0725GMT(market expecting usual hawkish tone). 

* Light UK data calendar. End month flow favours the Usd. EZ Flash CPI, US PCE,

Weekly Jobless Claims and Chicago PMI in focus.