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Cable: Oct27 close $1.3130,........>

STERLING SUMMARY
STERLING SUMMARY: Cable: Oct27 close $1.3130, Oct30 Asia range $1.3106-49
*Euro-stg: Oct27 close stg0.8835, Oct30 Asia range stg0.8831-47
*Continued Brexit concerns kept sterling on the defensive Friday, cable slipped
to weekly lows of $1.3070 before a pullback off the high in eur/stg recovered to
the $1.3130/35 area
*Eur-stg briefly made a show above stg0.8900, but as Catalonia headlines
pressured, the cross quickly pared gains ahead of the NY close
*Cable opened heavy in Asia, the move led by dollar strength in usd/jpy eased to
$1.3106 before fading
*Soft UST yields pared early losses to consolidate 5 pips either side of $1.3137
*Further dollar unwinds gave cable another boost, rate squeezed to $1.3149,
before tech resistance from the 38.2% $1.3278-1.3070 countered
*Euro-stg lacked direction with trade confined to a narrow stg0.8831-47 range
*Main focus this week on Thursday's rate decision, traders also reminded of the
usual eur-stg month-end demand.
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