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USDCAD TECHS

Stronger In a Range

AUDUSD TECHS

Weaker In A Range

US TSYS SUMMARY

Ending The Week On A Soft Note

EURJPY TECHS

Bearish Risk Growing

USDJPY TECHS

Stronger, But Still Vulnerable

US

SP500 PE Ratio vs. CPI Inflation

Cable: Aug9 NY range...............>

STERLING SUMMARY
STERLING SUMMARY: Cable: Aug9 NY range $1.2971-1.3011. Aug10 Asia open $1.3004,
range $1.2990-1.3015. Current $1.2993(0455GMT)
* Eur/Gbp: NY range Gbp0.9010-44. Asia open Gbp0.9040, range Gbp0.90315-0.9040.
Current Gbp0.9035. 
* Risk aversion Jpy demand in early NY Wednesday saw Gbp/Jpy sales squeeze cable
down to $1.2971.
* Rate recovered back above $1.3000 ahead of the close, touched $1.3011. 
* Early Asia extended move to $1.3015 ahead of Tokyo fix then eased off to
$1.2992 ahead of the European open. 
* Cable moves tracked Eur/Usd, leaving Eur/Gbp contained within a tight
Gbp0.90315-0.9040 range. 
* Risk plays continue to dominate, more reports suggest recent dollar sell off
may have been overdone.
* UK IP and Mfg data 0830GMT. Market median 0.1%mm, -0.1%yy; 0.0%mm, 0.6%yy.
NIESR GDP estimate 1400GMT.
* Cable support $1.2970, $1.2953/50. Resistance $1.3030, $1.3050/55.  
MNI London Bureau | +44 203-586-2231 | john.webb@marketnews.com