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Breaks below $1.3100 as sterling comes........>

CABLE
MNI (London)
CABLE: Breaks below $1.3100 as sterling comes under general pressure, albeit
mild. Rate touched a low of $1.3083 but move failed to see EUR/GBP break above
its resistance at Gbp0.8525(10-dma and falling trend resistance off Oct10 high).
Cable has nudged back to $1.3090 but underlying tone retains a bearish feel. A
break and clear of Gbp0.8525 to add further weight. 
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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