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Sterling under pressure as rate dips back.....>

CABLE
MNI (London)
CABLE: Sterling under pressure as rate dips back to $1.2945, though so far holds
off a retest of its earlier $1.2940 low, seen early Asia. Move seen as Eur/Gbp
extended its recovery off Friday lows of Gbp0.9150 to Gbp0.9187 (Asia high
Gbp0.9175). Support $1.2940(Bbg chart low $1.2934) ahead of  back at $1.2910/00.
Eur/Gbp resistance remains toward Gbp0.9195. 
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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