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Consolidates early European gains to hold.....>

CABLE
CABLE: Consolidates early European gains to hold around the $1.3915/20 area as
main focus turns to UK Retail Sales at 0930GMT. MNI's data team note November's
data was window-dressed by the promotions from "Black Friday", which has evolved
from a single day event to a multiple-day or week-long affair for some
retailers. It adds the last two December retail sales readings have surprised
significantly to the downside. Since 2010, the official December retail sales
numbers (both m/m and y/y) have tended to disappoint, coming in below the market
consensus on four of the last seven Decembers. Please see MNI Main Wire Jan18
1519GMT for the full report. Cable last $1.3916.

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