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Cable Nov24 range..................>

STERLING SUMMARY
MNI (London)
STERLING SUMMARY: Cable Nov24 range $1.3279-1.3360. Nov27 Asia open $1.3330,
$1.3315-40. 
* Eur/Gbp: Nov24 range Gbp0.8893-0.8962. Asia open Gbp0.8944, range
Gbp0.8945-78. 
* A retreating Usd Friday allowed cable to extend recent recovery to $1.3360,
pulled back to $1.3316, closed around $1.3330.
* Cable's recovery trailed the stronger move up in Eur/Gbp thus allowed the
cross to edge to Gbp0.8962 from Gbp0.8893.
* Cross retained a firm tone into Asia, extended to Gbp0.89645(Bbg, Gbp0.8978
Rtrs), remained firm into Europe.
* Firm tone in the cross weighed on cable as rate eased from an early high of
$1.3340 to $1.3315.
* Cable edged back above $1.3320 in opening European trade, Eur/Gbp traded
around Gbp0.8955. 
* Very light data calendar for Monday. BOE Haldane speaks at 1430GMT, not
expected to be MonPol related.    
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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