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Cable: Oct12 NY range..............>

STERLING SUMMARY
MNI (London)
STERLING SUMMARY: Cable: Oct12 NY range $1.3122-1.3292. Oct13 Asia open $1.3262,
$1.3260-83. Europe open
* Eur/Gbp: NY range Gbp0.8915-0.9033. Asia open Gbp0.8919, range Gbp0.8917-28.
Europe open 
* EU Barnier reported comments drove sterling markets in NY Thursday.
* UK-EU financial agreement impasse reported as deadlocked negotiations sent
cable down to $1.3122, spiked Eur/Gbp to Gbp0.9033. 
* Handelsblatt later reported that Barnier could agree to a 2-yr transition deal
reversed move, took cable to $1.3292, Gbp0.8915.
* Cable closed NY around $1.3265. Asia consolidated these volatile moves, trade
held within $1.3260/70 in early trade.
* Rate nudged up to $1.3283 then settled back around $1.3275 through to Europe. 
* Markets were generally subdued with attention turned toward today's US CPI and
Retail sales releases. 
* Eur/Gbp consolidated between Gbp0.8917-28, ECB taper talk only causing a mild
lift.
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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