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Cable: Sep6 NY range $1.3035-82....>

STERLING SUMMARY
MNI (London)
STERLING SUMMARY: Cable: Sep6 NY range $1.3035-82. Sep7 Asia open $1.3038, range
$1.3038-60. Current $1.3047(0453GMT)
* Eur/Gbp: NY range Gbp0.91315-0.9149. Asia open Gbp0.9140, range Gbp0.9139-41.
* Cable took full advantage of a softer Usd Wednesday, rallied to $1.3082 before
it reversed post fix to $1.3035.
* Rate slowly recovered to $1.3049 into the close. Asia marked a low at $1.3038
at the open then edged higher again.
* Rate met resistance into $1.3050 then 'spiked' to $1.3060 as market reacted to
comments suggesting N.Korea missile launch Sep9. 
* As launch widely expected rate settled back between $1.3042/50 through balance
of the session.
* Apart from the N.Korea hiccup markets in Asia were seen basically settled
ahead of today's ECB meeting. 
* Eur/Gbp was contained within a very tight range around Gbp0.9140. 
* UK Halifax HPI due at 0730GMT provides domestic interest. 
* Cable support $1.3035, $1.3020. Resistance $1.3080-85, $1.3100.    
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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