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Cable: Oct9 range..................>

STERLING SUMMARY
MNI (London)
STERLING SUMMARY: Cable: Oct9 range $1.3053-1.3184. Oct10 Asia open $1.3142,
range $1.3131-70. Current $1.3166(0446GMT)
* Eur/Gbp Oct6 range Gbp0.8906-85. Asia open Gbp0.8935, range Gbp0.8930-49.
Current Gbp0.8939(0447GMT)
* Better weekend press for PM May, along with an upside correction in UK wage
growth, helped sterling recover Monday.
* Cable edged to an eventual high of $1.3184 but met decent sell interest placed
between $1.3170/1.3200.
* Rate eased to $1.3127, recovered to $1.3160 before ending the day around
$1.3142. 
* Eur/Gbp extended its corrective pullback from Friday highs of Gbp0.89925 to
Gbp0.8906 Monday, closed around Gbp0.8935. 
* Asia touched a low of $1.3131 before cable recovered to $1.3170 then eased to
$1.3154. 
* Rate edged to $1.3167 ahead of the European open.  
* UK IP/Mfg, Construction Output and Trade data due at 0830GMT. 
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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