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Continues to drift lower, makes a show........>

CABLE
MNI (London)
CABLE: Continues to drift lower, makes a show under initial reported tech
support at $1.3075/70 to $1.3068. and retains a heavy feel. Move seen as EUR/GBP
continues to edge away from its low of Gbp0.8774, the rate having broken back
into its usual comfortable parameters of the 1.0% 10-dma envelope, the base of
which comes in today now at Gbp0.8783. Next minor support in cable seen into
$1.3065, with reported support noted between $1.3050/35. 
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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