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Cable: Oct17 NY range..............>

STERLING SUMMARY
MNI (London)
STERLING SUMMARY: Cable: Oct17 NY range $1.3155-1.3208. Oct18 Asia open $1.3190,
range $1.3185-97 Europe open $1.3188
* Eur/Gbp: NY range Gbp0.8903-30. Asia open Gbp0.8920, range Gbp0.8920-0.8926.
Europe open Gbp0.8920.
* New BOE MPC members Ramsden and Tenreyro dovish at TSC Tuesday, no definite
hike comment from Carney weighed on sterling. 
* This along with a generally stronger Usd helped to press cable to a low of
$1.3155.
* Traders had reported model demand in the $1.3155/50 area, bounce here took
rate to $1.3194 into close. 
* Cable confined to a tight $1.3185-97 range, while Eur/Gbp held by
Gbp0.8920-26, under pressure into Europe. 
* UK Employment Report 0830GMT. Median 4.3% unemployment rate, chance weekly
earnings slip to 2.0% from 2.1%.
* Support $1.3155/45, stops below. Resistance $1.3200. 
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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