*Dec13 cable open $1.3319, range...>

STERLING SUMMARY: *Dec13 cable open $1.3319, range $1.3315 to $1.3333. Eur/Gbp

open Gbp0.88155, range Gbp0.88155 to 0.8823

*Cable opened in Asia toward the lower side of the $1.3303 to $1.3380 range seen

yesterday, where modest dollar strength was the theme, supported by

better-than-expected US data and firmer UST yields.

*Euro-sterling opened in Asia toward the middle of yesterday's Gbp0.87905-8847

range, where stronger than expected UK CPI underpinned the pound 

*Cable consolidated between $1.3315 and $1.3327 for a great deal of the session

*News that Democrat Jones had defeated Republican Moore in Alabama's Senate

election caused a brief bout of dollar weakness, cable pushed up from around

$1.3318 to $1.3333 before fading

*With the focus on the dollar, Eur/Gbp consolidated in a extremely narrow

Gbp0.88155-0.8823 range

*Key-support lies at $1.3295 (50% fib $1.3040-$1.3550), a break to expose

$1.3235 (61.8% on the same move), while hourly resistance is found at $1.3370.

*UK Labour report provides the initial event risk for the session ahead.