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Another wave of selling takes cable to a......>

CABLE
MNI (London)
CABLE: Another wave of selling takes cable to a fresh low of $1.2951, below
Thursday's base of $1.2952. Bids have been reported into $1.2950, a break to
open a deeper move toward $1.2934/28 area ahead of swing projection targets
between $1.2915/05. Move seen as sterling remains under general pressure,
Eur/Gbp extends it recovery, off earlier low of Gbp0.9052 to Gbp0.9077 (Aug10
high Gbp0.9075). Next resistance in the cross between Gbp0.9087/90. 
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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