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Cable: Nov10 NY range..............>

STERLING SUMMARY
MNI (London)
STERLING SUMMARY: Cable: Nov10 NY range $1.3157-1.3229. Nov11 Asia open $1.3190
range $1.3108-98. 
* Eur/Gbp: NY range Gbp0.8812-47. Asia open Gbp0.8847, range Gbp0.8841-91.
* Cable rallied from a late Europe morning low of $1.3113 to a pre fix high of
$1.3229 then eased off to $1.3190 into close.
* Sterling came under pressure in Asia, dropped back from an early high of
$1.3204 to $1.3108.
* Move cited on Sunday press reports suggesting 40 Conservative MP's ready to
sign no confidence motion in PM May leadership.
* Such a motion would require 48 names and no leadership contender mentioned.
* Cable settled above $1.3120 then edged above $1.3130 ahead of the European
open. 
* Eur/Gbp edged to Gbp0.8891 as sterling came under pressure then found support
between Gbp0.8870/75 on pullback. 
* UK data light day Monday. Tuesday of more interest. Committee Stage for EU
Withdrawl Bill and CPI data.  
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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