4 February 2002, 15:34  Sterling steady, shrugs off CBI trades survey

1108 GMT - Sterling pinned near day's highs against euro but off highs on the dollar following key UK retail sales data. - The Confederation of British Industry's distributive trade survey showed retail sales volume balance stood at +39 in January from +48 in December. CBI also said retail sales expectations balance stood at +25 in February from +19 in January. - Cable trades at $1.4170, unchanged from late New York levels on Friday. Dealers say a convincing break of $1.4180 would open way to $1.4340, its 200-day moving average. Support seen at $1.4050. - Against euro, it stands at 60.90 pence , shy of its one-month high around 60.66 pence hit on Friday.

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