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Cable: Sep30 close $1.3205,........>

STERLING SUMMARY
STERLING SUMMARY: Cable: Sep30 close $1.3205, Sep31 Asia range $1.3193-1.3215
*Euro-stg: Sep30 close stg0.8819, Sep31 Asia range stg0.8804-23
*Persistent eur-stg sales took cable back above $1.3200 on Monday
*A Bloomberg report that signaled that the House of Representatives is
considering a 5-year period to introduce Trump's tax cuts, triggered fresh
dollar sales. Cable printed highs of $1.3215 before profit take supply eased
ahead of the NY close
*Broad dollar sales in early Asia lifted cable to $1.3215, failure to take out
yesterday's NY high prompted a wave of profit taking to hold $1.3203/08
*As the dollar recovered cable dipped back under $1.3200, touched pullback lows
of $1.3193 before dip buyers cushioned falls
*Consolidation largely remained the theme with main focus on the BOE on Thursday
*Euro-stg was contained in a narrow stg0.8804-23 range. Month-end flow expected
to drive into Europe, last stg0.8809. 

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