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CABLE: *** Sterling was under pressure into the European open, extended its
corrective pullback from early Asia highs of $1.3015 to $1.2972 (Asia low into
Europe $1.2990). Cable move lower outpaced Eur/Usd easing and allowed Eur/Gbp to
edge away from its lows of Gbp0.90315, currently trades up against its Asian
high of Gbp0.9040. Resistance in the cross seen between Gbp0.9055/65. For cable,
support remains into $1.2970, stronger at $1.2955/50.