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Cable: Oct25 NY range..............>

STERLING SUMMARY
MNI (London)
STERLING SUMMARY: Cable: Oct25 NY range $1.3225-71. Oct26 Asia open $1.3262,
range $1.3260-78. Europe open $1.3264
* Eur/Gbp: NY range Gbp0.8880-0.8923. Asia open Gbp0.8907, Gbp0.8905-0.89155.
Europe open Gbp0.8915.
* Stronger than forecast UK Q3 GDP boosted sterling Wednesday, took cable from
$1.3110 to $1.3271.
* Eur/Gbp lurched down to Gbp0.8880 but recovered to Gbp0.8923 as strong demand
for the Eur emerged in NY. 
* Cable remained buoyed through NY, supported at $1.3225, closed the day at
$1.3263. 
* Usd remained under pressure into Asia, cable edged on to $1.3278(76.4%
$1.3337-$1.3087) then settled around $1.3265. 
* Eur/Usd continued to outpace cable which saw Eur/Gbp the cross edge to
Gbp0.89155 from an early low of Gbp0.8905. 
* UK CBI Retail data at 1000GMT but this will be overshadowed by ECB rate/QE
announcements 1145GMT/1230GMT.. 
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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