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Breaks below $1.3350 on second intraday.......>

CABLE
MNI (London)
CABLE: Breaks below $1.3350 on second intraday challenge (NY low Sep29) and
extends low to $1.3340. Earlier talk mentioned model demand in the $1.3345/40
area provided some cushioning but another wave o9f sales has pressed rate down
to $1.3335 as stops placed below $1.3340 get hunted out and triggered. Next
support seen at $1.3320 (38.2% $1.2774-1.3659). Eur/Gbp has edged off its lows
of Gbp0.88025, currently around Gbp0.8809, with cable pressure seen more from
Eur/Usd slippage. 
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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