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Gets dragged back above $1.3800, off..........>

MNI (London)
CABLE: Gets dragged back above $1.3800, off earlier low of $1.3767, as rate
trails Eur/Usd's stronger recovery, while Eur/Gbp edges away from its earlier
low of Gbp0.8908 to current level around Gbp0.8926. Cable resistance noted
between the earlier Asia high of $1.3815 and Friday's high of $1.3817, with
expectations for offers into $1.3820. Services PMI at 0930GMT to provide next
sterling directional impetus. 
MNI London Bureau | +44 203-586-2231 |
MNI London Bureau | +44 203-586-2231 |

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