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Sterling's early Europe shines fades as.......>

CABLE
MNI (London)
CABLE: Sterling's early Europe shines fades as rate backs away from its extended
recovery high of $1.3570 to currently trade around $1.3545. Move seen as
Eur/Gbp, which was seen as the early driver of sterling strength, sees rate edge
away from its traded low of Gbp0.8787 to currently trade around Gbp0.8796. Cable
support seen at $1.3532/1.3520/$1.3508, 38.2%, 505 and 61.8% respectively of the
move up from early Asia low of $1.3470. 
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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