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Cable retains an underlying buoyant tone in...>

CABLE
MNI (London)
CABLE: Cable retains an underlying buoyant tone in opening European trade, the
rate currently trades around $1.3141 after consolidating Friday's recovery in a
basic range of $1.3119-57 through Asia.
- Support $1.3120, $1.3090. Resistance $1.3157, $1.3161-65(50%
$1.3363-1.2958/61.8% $1.3293-1.2958)
- BOE Broadbent speaks to the Society of Professional Economists in London at
1700GMT
- Headline watch: PM May visits European capitals; EZ reaction to UK Brexit
proposals.
- UK Govt in summer recess from Tuesday to Sep4. BOE Aug meeting to move more
into the spotlight, rate hike still forecast which should support sterling. 
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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