Cable: Aug31 NY range..............>

STERLING SUMMARY: Cable: Aug31 NY range $1.2852-1.2934. Sep1 Asia open $1.2920,

range $1.2920-47. Current $1.2924(0449GMT)

* Eur/Gbp: NY range Gbp0.9196-0.9238. Asia open Gbp0.9215, range

Gbp0.91955-0.9215. Current Gbp0.9205(0451GMT)

* Cable recovered off end month flow driven lows of $1.2852 to a post fix high

of $1.2934 in NY.

* Move up seen mainly on general Usd weakness, boosted in part by Mnuchin

comments that a weaker Usd better for trade. 

* Cable recovery extended to $1.2947 in Asia and remained buoyed through the

middle of the se4ssion. 

* However, Usd pared losses into the Asian afternoon which pressed cable back to

$1.2923.

* Eur/Gbp extended pullback from NY high of Gbp0.9238 to Gbp0.91955 in Asia,

trading around Gbp0.9205 into Europe. 

* UK Manufacturing PMI at 0830GMT provides domestic focus, market median 55.0 vs

last 55.1