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Continues its slow claw higher, edges on to...>

CABLE
MNI (London)
CABLE: Continues its slow claw higher, edges on to $1.3450 with suggestions of
sell interest placed into $1.3450. However, corrective pullbacks remain shallow
and seen keeping focus on the upside. Talk in Asia highlighting barrier interest
up at $1.3500, expect some interim interest to emerge around $1.3480. Eur/Gbp
trades back toward Thursday's low of Gbp0.88665, has traded to Gbp0.8872 and
holds heavy. Technical traders seen room to Gbp0.8810. BOE MPC Vlieghe at
0850GMT. Known 'dove', market will watch to see any change in rhetoric from his
direction. Noticing adjustments in bank calls for BOE rate hike, a few bringing
in their call for the next hike to November.   
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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