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Cable: Jul28 NY range..............>

STERLING SUMMARY
MNI (London)
STERLING SUMMARY: Cable: Jul28 NY range $1.3072-1.3152. Jul31 Asia open $1.3136,
range $1.3124-51. Current $1.3126(0451GMT)
* Eur/Gbp: NY range Gbp0.8940-69. Asia open Gbp0.89445, range
Gbp0.8935-0.89445.Current Gbp0.8941(0453GMT)
* Dollar selling resumed following release of US Q2 GDP Friday, revisions from
previous Q's marked down.
* Cable rallied to a high of $1.3152, just shy of Thursday's high of $1.3159,
then eased to $1.3133 ahead of the close. 
* Cable initially trailed Eur/Usd's stronger recovery, allowed Eur/Gbp to push
up to Gbp0.8969, dropped to Gbp0.8940 into close. 
* Cable eased to an early Asia low of $1.3126, recovered to $1.3151 then drifted
off to $1.3124.
* Rate recovered to $1.3130 ahead of the European open. 
* UK Lending data at 0830GMT provides domestic interest. EZ Flash CPI at0900GMT
key this morning. 
* Month end flow to have potential influence. 
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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