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Cable: Sep14 NY range..............>

STERLING SUMMARY
MNI (London)
STERLING SUMMARY: Cable: Sep14 NY range $1.3148-1.3404. Sep15 Asia open $1.3397,
range $1.3382-1.3404. Current $1.3401(0457GMT)
* Eur/Gbp: NY range Gbp0.88665-0.9049. Asia open Gbp0.8897, range
Gbp0.8891-0.0.8907. 
* Hawkish BOE rhetoric Thursday countered initial negative sterling react to BOE
MPC 7-2 vote split. 
* Cable initially dipped to $1.3148, bounced aggressively to eventual high of
$1.3404 as BOE Carney added to comments. 
* Eur/Gbp spiked to Gbp0.9049 then dropped through Gbp0.8980 support to an
eventual low of Gbp0.88665.
* N.Korea missile launch prompted Jpy demand, Gbp/Jpy sales knocked cable to
$1.3382 but rate quickly recovered to retest $1.3404. 
* Sterling held firm through balance of Asia, Eur/Gbp was trading with a heavy
tone pre Europe. 
* BOE MPC Vlieghe speaks at 0850GMT. Known 'dove' so watch for any change in
view. BOE Quarterly Bulletin 1100GMT. 
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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