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CABLE: Back at $1.2965, as rate recovers from its recently posted low of
$1.2952. Traders suggest decent demand into $1.2950. UK IP and Mfg data on the
half hour, market median 0.1%mm, -0.1%yy; 0.0%mm, 0.6%yy. One French bank has
suggested release could come in above expectations but suggests that if this is
the case it might not support sterling too much, adding that improvement in this
part of the economy not enough to cover losses in the services side.