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Dragged lower by early pressure on the Eur,...>

CABLE
MNI (London)
CABLE: Dragged lower by early pressure on the Eur, sellers seen across the board
in early trade dealers reported. 
Cable touched an extended intraday low of $1.3271(Asia low $1.3275) but has
since edged back to $1.3290. Citi's Trade of the Week is to enter a long cable
position at $1.3293, targets $1.3550, placing a stop below $1.3150. This view
taken more on a light US data week, US politics and a suggested consolidation in
rate hike outlook following last Friday's release of softer than forecast US
inflation data.
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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