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Early Sterling demand in Europe lifted........>

CABLE
MNI (London)
CABLE: Early Sterling demand in Europe lifted cable to $1.3227(Asia range
$1.3170-1.3203), with Eur/Gbp pressed down to Gbp0.8903(Asia Gbp0.8910-28).
Cable has since eased back with Eur/Usd, currently around $1.3212, Eur/Gbp
slowly edging away from itslow, current Gbp0.8907. Positive comments concerning
Brexit from EU officials Friday, though countered by others, has buoyed
sterling, with Catalonia concerns seen weighing on the Eur. The Brexit situation
didn't prompt any major Sunday press analysis with developments through the week
to be watched. Wednesday Q3 advance GDP in focus. Oct19 high of $1.2828 provides
initial resistance, a break to open a move on toward $1.2840/50. Support seen at
the Asia low of $1.3170.  
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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