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Cable: Nov3 NY range...............>

STERLING SUMMARY
MNI (London)
STERLING SUMMARY: Cable: Nov3 NY range $1.3057-1.3134. Nov6 Asia open $1.3076,
range $1.3060-83. Europe open $1.3072.
* Eur/Gbp: NY range Gbp0.8873-0.8912. Asia open Gbp0.8889, range Gbp0.8879-92.
Europe open Gbp0.8883. 
* Release of US NFP Friday saw Usd drop on initial react to the headline misses
only to recover and more on data analysis. 
* Cable spiked to $1.3132 on release then dropped back to $1.3057 before it
settled around $1.3080.
* Despite the pullback sterling performed better than the Eur, saw Eur/Gbp
pressed to a low of Gbp0.8873.
* Consolidation in Asian trading saw cable contained within a range of
$1.3060-83, Eur/Gbp between Gbp0.8879-92. 
* Light data calendar for the UK with IP/Mfg, Trade and NIESR GDP outlook all
due for release Friday. 
* Following last week's BOE MPC rate hike focus will be set on Brexit
developments(parliament short recess Wed-Fri).
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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