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Bounces back from its traded low of...........>

CABLE
MNI (London)
CABLE: Bounces back from its traded low of $1.3106, currently trading around
$1.3118. Correction helped as Eur/Gbp, which had extended its intraday topside
to Gbp0.89535 in early Europe (Asia range Gbp0.8935-0.89445) now trades back
around Gbp0.8940. Trader comments suggest downside vulnerability for sterling,
though so far cable continues to enjoy some buoyancy. End month and no reports
so far of any RHS interest from a certain European sovereign name, traders
remain on look out. 
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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