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Cable: Oct6 NY range...............>

STERLING SUMMARY
MNI (London)
STERLING SUMMARY: Cable: Oct6 NY range $1.3027-1.3102. Oct9 Asia open $1.3066,
range $1.3060-$1.3123. Current $1.3095(0507GMT)
* Eur/Gbp: NY range Gbp0.8935-0.89925. Asia open Gbp0.8980, range Gbp0.8942-90.
Current Gbp0.8959(0513GMT)
* Strong Usd reaction to US AHE Friday saw cable dip to $1.3027. 
* However, Usd pared part of its gains, N.Korea missile comment and weekend
positioning, allowed cable to edge to $1.3075.
* Cable marked lows in Asia at $1.3060 then rallied to $1.3123 on better press
reports concerning PM May. 
* Suggestion PM May could demote Boris Johnson was seen helping to boost
sterling.
* Cable eased back to $1.3075 then edged back toward $1.3100 into Europe. 
* Asian markets were thin due to Japan and S.Korea holidays. US and Canada
holidays later expected to make for a quiet day. 
* Focus on Tuesday UK Trade, IP and Construction data. Latter two hard data
components for Q3 GDP.
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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