*Jan3 cable open $1.3590, range....>

STERLING SUMMARY: *Jan3 cable open $1.3590, range $1.3586 to $1.3606. Eur/Gbp

open Gbp0.8873, range Gbp0.8860-0.8873

*Cable opened in Asia toward the upper side of yesterday's $1.3509 to $1.3600

range, where a broadly weaker dollar and 4PM fixing demand was seen to underpin

the pound

*Cable closed in New York with a bid tone, the move extended higher from $1.3586

to print a fresh high of $1.3606 before fading slightly. Heading into the

opening of European markets, the pound remained with a bid tone near $1.3599

*Eur/Gbp opened in Asia toward the lower side of yesterday's Gbp0.8860-0.8919

range, where initially better offered on weak UK Mfg PMI, 4PM fixing demand

surfaced to place the pound on the front foot

*Eur/Gbp consolidated toward the lower side of yesterday range in quiet Asia

trade

*German unemployment data provide the main event risk for the session ahead,

which also includes UK Markit/CIPS Construction PMI.