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Free AccessCable knocked to fresh intraday low of........>
CABLE: Cable knocked to fresh intraday low of $1.2922 as market reacts to
release of UK Borrowing data. Borrowing exceeded expectations in the month of
September, despite a Stg500m decline in interest payments linked to decreased
outlays on
index-linked government debt. Corporation tax displayed concerning signs of
decline, falling by Stg300m in the fiscal year. The dip again appears to be
attracting demand as downside momentum falters, though recovery efforts so far
remain shallow. Expect support into $1.2900.
To read the full story
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.