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Cable: Nov9 NY range...............>

STERLING SUMMARY
MNI (London)
STERLING SUMMARY: Cable: Nov9 NY range $1.3094-1.3165. Nov10 Asia open $1.3146,
range $1.3139-50. 
* Eur/Gbp: NY range Gbp0.8845-77. Asia open Gbp0.8857, range Gbp0.8858-64. 
* Bounce off $1.3085 Thursday proved a false start, topped at $1.3132 then
dipped in early Ny back to $1.3094.
* However, as US tax plans emerged, Senate plan to push back Corporate tax cut
into 2019, weakened Usd. 
* Cable rallied on to $1.3165 then settled back at $1.3145/50 into the close. 
* Move came despite no breakthrough in Brexit talks though traders showed
interest to fade rallies.
* Cable consolidated through Asia between $1.3139/50, trading firm into Europe. 
* Eur/Gbp recovered from Thursday low of Gbp0.8824 to Gbp0.8877, settled around
Gbp0.8855 into the close. 
* Focus on UK IP/Mfg(market median 0.3%mm, 1.9%yy; 0.8%mm, 2.4%), Trade data at
0930GMT.
* UK data expected to be a driver with Brexit/politic headlines also 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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