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Continues to slowly slide, seen easing........>

CABLE
MNI (London)
CABLE: Continues to slowly slide, seen easing toward reported minor support at
$1.3100. A break here to open a deeper move toward the Oct20 low of $1.3087 with
talk of more algo stop interest below. Move seen as sterling plays catch up on
Eur/Usd's deeper move Thursday with Eur/Gbp extending its recovery off traded
lows of Gbp0.8850 to Gbp0.8871 at writing (Asia high Gbp0.8869). Next resistance
seen into Gbp0.8880/85. 
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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