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Breaks the narrow European range and..........>

CABLE
CABLE: Breaks the narrow European range and squeezes to fresh daily highs of
$1.2986. GBP holds a buoyant tone with next resistance seen at $1.2994/3001 from
the Jan 18-17 highs, above here opens a run at the 200-dma at $1.3068. EURGBP
eases to Gbp0.8749, its lowest levels since mid-November. Next support at
Gbp0.8736 from the 76.4% retracement of Gbp0.8621-0.9108. A reminder that BoE's
Broadbent is due to speak in London at the bottom of the hour.  

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