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Cable eased to $1.3002 ahead of US Retail.....>

CABLE
MNI (London)
CABLE: Cable eased to $1.3002 ahead of US Retail Sales data Friday, headline
number came in as expected but the GDP sensitive Retail Control Group
disappointed, prompting USD sales. Cable recovered through the balance of the US
session to $1.3053, closing the week at $1.3046. Rate was marked down to $1.3028
at the Asian open only to recover to $1.3054 before it settled between
$1.3040/50 through to the Europe open. Sterling retains a buoyant feel. Cable
support seen at $1.3030/20, Stronger into $1.3000. Resistance $1.3050/55,
$1.3070, $1.3084, $1.3100.  
- A light data calendar in the UK Monday. Focus this week on Tuesday's
Employment Report, Retail Sales Thursday, with key Flash PMI due Friday.   
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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