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Despite displaying oversold conditions,.......>

CABLE
CABLE: Despite displaying oversold conditions, GBPUSD fails to bounce and holds
near the base of its $1.3017-83 daily range. The Jul18 low provides near-term
support at $1.3010, opening $1.3000 which is reported to hold optional interest
(Expiry $2.1bn). UK Retail Sales are due up at the bottom of the hour, after
rises in Retail Sales m/m for both April and May, analysts anticipate the June
m/m Retail Sales to decline by 0.6% and the figure excluding fuel to drop by
0.3%. EURGBP comfortably holds above Gbp0.8900, last Gbp0.8914. 

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