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Dropped to $1.3148 on vote 7-2 vote split.....>

CABLE
MNI (London)
CABLE: Dropped to $1.3148 on vote 7-2 vote split (some saw chance for 6-3) with
rate recovering to $1.3253 in a violent correction as traders reacted to quote
in Minutes that majority of MPC members felt some withdrawal of stimulus would
be appropriate in 'coming months'. Second wave of demand lifts cable on to fresh
highs of $1.3277. Volatile moves with algos seen driving. Resistance seen at
$1.3290/1.3300 ahead of Wednesday's high of $1.3329.  
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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