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Cable: Aug7 NY range $1.3014-57....>

STERLING SUMMARY
MNI (London)
STERLING SUMMARY: Cable: Aug7 NY range $1.3014-57. Aug8 Asia open $1.3034, range
$1.3032-53. Current $1.3050(0448GMT)
* Eur/Gbp: NY range Gbp0.9037-61. Asia open Gbp0.9051, range Gbp0.90475-0.9058. 
* Cable eased through Friday's post NFP low of $1.3024 to $1.3014 in early NY
Monday, recovered to $1.3037 into close. 
* Slow recovery continued in Asia as rate edged on from a marked session low of
$1.3032 to $1.3053.
* Eur/Gbp extended its recovery from Friday lows of Gbp0.8998 to Gbp0.9061 in NY
Monday, settled around Gbp0.9050 into close. 
* Cross consolidated between Gbp0.90475/0.9058 in Asia, traded around Gbp0.9052
into Europe. 
* Light data calendar Tuesday with focus remaining on dollar plays following
Friday's strong NFP. Focus on this Friday US CPI. 
* Next major data in the UK is Thursday when IP and Manufacturing data is
released. 
* Cable support $1.3015/00, stops $1.2990. Resistance $1.3060-80.  
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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