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Cable: Oct5 NY range $1.3108-83....>

STERLING SUMMARY
MNI (London)
STERLING SUMMARY: Cable: Oct5 NY range $1.3108-83. Oct6 Asia open $1.3119, range
$1.3073-1.3121. Current $1.3086(0446GMT)
* Eur/Gbp: NY range Gbp0.8907-33. Asia open Gbp0.8927, range Gbp0.8928-43.
Current Gbp0.8939(0449GMT)
* Political uncertainty over PM May's tenure continued to weigh on sterling
through Thursday's session.
* Cable extended its recent corrective pullback, from its Sep20 high of $1.3659,
to $1.3108.
* Partial recovery to $1.3119 then rate turned lower again in Asia, break of
$1.3108 took rate to an initial low of $1.3088.
* Recovery to $1.3109 proved short lived before rate pressed to a low of
$1.3073.
* Main pressure on sterling seen Usd led, cable's easing outpaced Eur/Usd,
allowed Eur/Gbp to extend topside to Gbp0.8943.
* UK Unit Labour Costs 0830GMT, BOE Haldane 1200GMT ahead of key US NFP at
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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