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Cable: Oct4 NY range $1.3246-92....>

STERLING SUMMARY
MNI (London)
STERLING SUMMARY: Cable: Oct4 NY range $1.3246-92. Oct5 Asia open $1.3248, range
$1.3230-49. Current $1.3245(0451GMT)
* Eur/Gbp: NY range Gbp0.8850-81. Asia open Gbp0.8877, range Gbp0.8877-85.
Current Gbp0.8877(0453GMT)
* Cable edged to a high $1.3292 as sterling gained a general boost from release
of stronger than forecast UK Svcs PMI data. 
* Eur/Gbp also reflected this sterling strength as rate eased to a low of
Gbp0.8850.
* Post fix and sterling pared gains, cable eased to $1.3246, cross edged to
Gbp0.8881 into the close. 
* Cable's corrective pullback continued in Asia, the rate extended pullback low
to $1.3230.
* Rate slowly edged back to $1.3247 through the balance of the session to
$1.3247 ahead of Europe. 
* Eur/Gbp initially edged to Gbp0.8885 then drifted off to Gbp0.8877, then edged
back to Gbp0.8880 into Europe.
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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