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Bounces back from its earlier dip low of......>

CABLE
MNI (London)
CABLE: Bounces back from its earlier dip low of $1.3086 and seen approaching its
earlier Asian high of $1.3125. A break here to expose next area of resistance
between $1.3133/38 ahead of $1.3150/55. Sterling strength seen across the board
as EUR/GBP moves toward a retest of its earlier low of Gbp0.8532. Month-end
models have suggested that sterling will be a beneficiary of USD sales at
month-end fixings. 
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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