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Sterling picks up a boost from release of.....>

CABLE
MNI (London)
CABLE: Sterling picks up a boost from release of better than forecast UK Q3
advance GDP data, headline coming in at 0.4%QQ, vs forecast 0.3%. Cable has
broken above its earlier Asian high of $1.3139(hourly high in NY) to extend
recovery to $1.3168. Rate currently trades around $1.3163. Eur/Gbp eased to
Gbp0.8937, off its earlier retest of Tuesday high of Gbp0.89735. This strong
release seen supporting outlook for the BOE MPC to hike rates 25bp at next
week's meeting. However, the vote split is in seen crucial for rate path.  
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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