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Cable: Sep29 NY range..............>

STERLING SUMMARY
MNI (London)
STERLING SUMMARY: Cable: Sep29 NY range $1.3350-1.3425. Oct2 Asia open $1.3383,
range $1.3358-1.3402. Europe open $1.3371.
* Eur/Gbp: NY range Gbp0.8806-41. Asia open Gbp0.8810, range Gbp0.8804-22.
Europe open Gbp0.8808. 
* Strong cable demand into the end of month fix Friday saw cable recover from
$1.3350 to $1.3425(NY range)
* Rate dipped to $1.3385 post fix, recovered to $1.3419 before it closed the
month at $1.3398.
* Eur/Gbp dropped from Gbp0.8841 to Gbp0.8806 at the fix, closed back around
Gbp0.8820.
* Weekend events in Catalonia weighed on the Eur in Asia, eased Eur/Gbp from
Gbp0.8822 to Gbp0.8804 ahead of Europe. 
* Cable react on the cross move saw cable touch $1.3402, dropped back to
$1.3358, settled around |$1.3370 into Europe. 
* UK Manufacturing PMI at 0830GMT, market forecast 56.2 vs last 56.9. 
* Cable support $1.3350/40. Resistance $1.3400/10, $1.3430. 
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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