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Breaks below Wednesday's low of $1.2990 but...>

CABLE
MNI (London)
CABLE: Breaks below Wednesday's low of $1.2990 but momentum on this initial move
fails to put Tuesday's low of $1.2975 under pressure as it stalls at $1.2978.
However, a break of $1.2975 to expose the Jan14 YTD low of $1.2955, with demand
suggested into $1.2950. Move higher in EUR/GBP suggested to be leading on
possible month-end demand. Positioning ahead of today's BOE MPC rate decision
also a factor. 
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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