Cable: Oct27 close $1.3131,........>

STERLING SUMMARY: Cable: Oct27 close $1.3131, Oct30 Asia range $1.3106-49,

Europe $1.3127-69

*Euro-stg: Oct27 close stg0.8843, Oct30 Asia range stg0.8831-47, Europe

stg0.8828-48

*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

*Cable consolidated into Europe, re-tested the area of earlier highs. The

rejection of $1.3150 allowed eur-stg to extend its recovery to stg0.8848

*Dip buyers emerged ahead of $1.3125, short covering squeezed through $1.3150,

triggering fresh momentum to $1.3169

*The cross largely held stg0.8836-44 for the balance of the session

*Main focus this week on Thursday's BOE rate decision, traders also reminded of

the usual eur-stg month-end demand.