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*Jan2 cable open $1.3515, range....>

STERLING SUMMARY
STERLING SUMMARY: *Jan2 cable open $1.3515, range $1.3509-21. Eur/Gbp open
Gbp0.8887, range Gbp0.8887-0.88915
*Cable opened in Asia toward the upper side of Friday's $1.3430 to $1.3544
range, where broad-based dollar weakness and year-end portfolio rebalancing
flows, placed the pound on the front foot against the greenback.
*The first trading day of the new year proved to be a lacklustre affair, the
pound consolidated in a tight $1.3509 to $1.3521 range
*Eur/Gbp opened in Asia toward the upper side of Friday's Gbp0.8858-0.88905
range, where sideways consolidation remains the theme.
*Eur/Gbp continued to consolidate during the Asia-Pacific session, with barely a
trade of note crossing the books
*European and UK Markit Manufacturing PMI's provide the events risks for the
session ahead

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