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Corrective pullback from Monday's high of.....>

CABLE
MNI (London)
CABLE: Corrective pullback from Monday's high of $1.3383 extended to $1.3315
ahead of Monday's close. Early dip to $1.3311 in opening Asian trade before rate
edged higher through a fairly slow Asia session to $1.3338. Cable spiked to
$1.3358 in opening European trade, as Eur/Gbp dipped to Gbp0.8919, but move
quickly attracted sterling sales as cable dropped back to $1.3308. Cable then
settled back     above $1.3320. Cable support now seen from $1.3308 to $1.3300
with reports of stops below. A break to open a deeper move toward $1.3280.
Resistance remains into $1.3360. 
* BOE Financial Stability Report and BOE Carney press conference had little
effect.  
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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