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Reports Tuesday that the UK has held..........>

CABLE
MNI (London)
CABLE: Reports Tuesday that the UK has held informal talks about joining TPP
cited for providing sterling with a general boost late Tuesday. The pound
remained firm through the Asian session. Cable spiked higher on the TPP news,
with demand also noted into Tuesday's London fix which took rate to a high of
$1.3600. Sterling held firm through Asia, despite Usd short covering seen versus
other majors, extended topside to $1.3606, Europe taking over the baton to edge
it on to $1.3614. Eur/Gbp was therefore forced lower, extended its corrective
pullback away from Tuesday's high of Gbp0.8919 back to the Gbp0.8860 area. 
* Cable resistance $1.3659(Sep20 high), $1.3692(3-mth bull channel top). Support
$1.3586(Asia low), $1.3535/25.
* UK data: Markit/Cips Construction PMI(0930GMT). Market median 53.0 vs last
53.1.
* US ISM Manufacturing PMI (1500GMT), market median 58.2. FOMC Minutes
(1900GMT). 
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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