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Cable starts to tick higher with a move.......>

CABLE: Cable starts to tick higher with a move back above $1.3900 on extended
react to the higher-than-expected UK Core CPI reading. MNI's data team note in
their (5 Things We Learned From the UK CPI - See Main Wire 0957GMT), fuel prices
shaved 0.08pp from the monthly change in CPI (as previously mentioned in the 5
Things to Look Out For 0910GMT). Although fuel prices rose between last December
and this January (+0.8%) the rate of growth was less than that recorded a year
ago (+3.4%). Gbp/Usd printed $1.3913, next resistance is seen at $1.3916 (50%
$1.4067-1.3765). Rate eases to $1.3901 at typing.

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