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Cable: Oct10 NY range..............>

STERLING SUMMARY
MNI (London)
STERLING SUMMARY: Cable: Oct10 NY range $1.3176-1.3227. Oct11 Asia open $1.3203,
range $1.3191-1.3223. Current $1.3195(0456GMT)
* Eur/Gbp: NY range Gbp0.8929-0.89545. Asia open Gbp0.8943, range
Gbp0.8940-0.89525. Current Gbp0.8952(0458GMT)
* Strong UK Mfg data released Tuesday, along with a retreating Usd, allowed
cable to extend its recent recovery to $1.3227.
* Eur/Usd outpaced cable's recovery through NY which took Eur/Gbp to Gbp0.89545,
off Monday low of Gbp0.8906. 
* Cross eased to Gbp0.8929 as market awaited the Catalan UDI decision, recovered
to Gbp0.8948 on mediation route. 
* Cable found support around $1.3200 into its close, which carried over into
Asia before rate was pushed to up to $1.3223. 
* Move up cited on general Usd weakness. Cable rally faded, pullback overtook
Eur/Usd as Eur/Gbp edged to Gbp0.89525.
* Cable traded back to $1.3191 ahead of Europe. 
* UK Chancellor Hammond TSC 0845GMT.(no cash in Budget for 'no deal' Brexit  
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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