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Cable: Nov30 NY range..............>

STERLING SUMMARY
MNI (London)
STERLING SUMMARY: Cable: Nov30 NY range $1.3439-1.3549. Dec1 Asia open $1.3525,
$1.3512-50. 
* Eur/Gbp: NY range Gbp0.87925-0.8827. Asia open Gbp0.8796, range
Gbp0.8789-0.8812.
* Bank model predictions of cable demand at the end month fix proved true as
rate rallied to $1.3549.
* Post fix rate dropped back to $1.3484 then recovered to $1.3540 into the
close. 
* Cable eased to $1.3512 in early Asian dealing before fresh demand emerged to
edge rate to $1.3550. 
* Failure to extend then saw rate settle around $1.3530 for the balance of the
session and into Europe. 
* Eur/Usd also pushed higher on the end month flow which left Eur/Gbp to trade a
tight range around Gbp0.8800. 
* Positive Brexit comment, though tempered by Irish border concerns, keep
sterling buoyed. UK Mfg PMI at 0930GMT in focus. 
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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