Cable: Oct18 NY range..............>

STERLING SUMMARY: Cable: Oct18 NY range $1.3148-1.3206. Oct19 Asia open $1.3205,

range $1.3200-28. 

* Eur/Gbp: NY range Gbp0.8914-47. Asia open Gbp0.8926, range Gbp0.8926-36.

* Stops were eventually taken out below $1.3145, touched $1.3140 before buyers

emerged to take rate to $1.3206 into close. 

* Rate touched $1.3200 at the Asian open before recovery extended to $1.3228.

* traders reported stops triggered on the break above $1.3220, same time Eur/Usd

stops triggered on break of $1.1810.

* Rate then drifted back to $1.3202 before recovering to $1.3220 ahead of the

European open. 

* Eur/Gbp cleared above Gbp0.8930, touched Gbp0.8947 before it settled around

Gbp0.8930, through balance of NY and Asia. 

* UK Retail Sales due at 0830GMT. Market median ex-fuel -0.2%mm, 2.2%yy; incl

fuel -0.1%mm, 2.1%yy.

* PM May to address EU Leaders at a pre Brexit negotiation summit this evening.

EU leaders meet Labour Corbyn ahead of May.