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Cable: Oct24 NY range..............>

MNI (London)
STERLING SUMMARY: Cable: Oct24 NY range $1.3114-90. Oct25 Asia open $1.3134,
range $1.3122-37. Europe open 
* Eur/Gbp: NY range Gbp0.8922-735. Asia open Gbp0.8955, range
Gbp0.89525-0.8961.Europe open
* Second rejection from $1.3227 in Asia Tuesday saw sterling retreat through
Europe and NY to an eventual low of $1.3114. 
* Eur/Gbp rallied to Gbp0.89735, off an early Europe low of Gbp0.8994. 
* Sterling was on back foot Tuesday on position adjustment ahead of UK Q3
advance GDP, with Brexit concerns reemerging. 
* Cable recovered to $1.3140 before it settled back around $1.3130. 
* Rate consolidated through Asia between $1.3122-37, Eur/Gbp between
* Focus on today's UK Q3 advance GDP release, median 0.3%Q/Q, 1.5%YY. Any miss
might question market view on Nov rate hike. 
* Cable support $1.3114, $1.3090/80. Resistance $1.3140, $1.3180.
MNI London Bureau | +44 203-586-2231 |
MNI London Bureau | +44 203-586-2231 |

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