07:19 04/17 STERLING SUMMARY: Opened in early Europe at $1.9895 and stg0.6803
-- Cable consolidated recent gains during Asian trade with rate
contained within $1.9882/1.9916, off Monday's highs of $1.9940.
Euro-sterling was held within a tight range of stg0.6800/05.
-- Cable was rising as Europe began, lifting to $1.9927 in early trade
before settling below $1.9920. Euro-sterling managed to ease to an
early low of stg0.6795. Cable lifted ahead of UK CPI data, trading
around $1.9930, spiking to an initial high of $1.9999 as UK headline
inflation came in above the key 3.0% level. Option barrier protection
ahead of $2.0000 countered initial pressure, but second run from
around $1.9990 managed to post highs at $2.0005 (new 15 year highs)
before profit take sales eased rate back around $1.9980. Third rally
extended highs to $2.0034, with rate holding gains above $2.0000
-- Cable bids $1.9970, $1.9950/40. Offers $2.0040/50, $2.0095/2.0100