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Breaks above $1.3200 extends recovery off.....>

CABLE
MNI (London)
CABLE: Breaks above $1.3200 extends recovery off earlier low of $1.3160 to
$1.3208. Strong resistance noted at the recent highs of $1.3222/23(Sep11-8
respectively). Sterling generally firm as traders turn their attention toward
today's UK Inflation Report at 0830GMT, with UK Jobs and BOE MPC coming up
Wednesday and Thursday respectively. Strong inflation data expected to boost
suggestions that Thursday BOE rhetoric will tend toward the hawkish side. 
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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