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Cable: Sep28 NY range..............>

STERLING SUMMARY
MNI (London)
STERLING SUMMARY: Cable: Sep28 NY range $1.3411-56. Sep29 Asia open$1.3441,
range $1.3408-42. Europe open $1.3415.
* Eur/Gbp: NY range Gbp0.8760-85. Asia open Gbp0.8771, range Gbp0.8769-83.
Europe open Gbp0.8780. 
* Cable recovered off Thursday low of $1.3345 to a pre fix high of $1.3456 then
settled around $1.3440 into the close. 
* Eur/Gbp, which had spiked to a high of Gbp0.8810, dropped back almost as quick
to Gbp0.8760 into the fix. 
* Cross settled between Gbp0.8765/70 into the close but picked up demand in Asia
which edged it to Gbp0.8783. 
* Cable drifted off through Asia to $1.3408 before gaining a lift back to
$1.3423 into Europe. 
* Late Asia sterling demand also pressed back on Eur/Gbp to take it back to
Gbp0.8775(Possible end month demand watched for)
* BOE Carney on BBC R4 0710GMT, UK GDP Q2F, Lending data 0830GMT, BOE Cunliffe
1200GMT.  
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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