EURO-STERLING: Trade in Asia was contained within a range of
stg0.8212/38, with early trade in Europe extending the base to
stg0.8210. Rate currently trades around stg0.8222. Bids are reported in
place between stg0.8210/00, with talk that interest is linked to option
protection of a stg0.8200 barrier. Resistance remains between
stg0.8235/40.