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CABLE
MNI (London)
CABLE: Drops back through $1.3100, from around $1.3115 as sterling takes a knock
back from release of softer than forecast UK CPI, coming in at 3.0%yy from
median expectation of 3.1% and Bank forecast of 3.2%. Rate dropped back to
$1.3075 but currently trades around $1.3085. Eur/Gbp broke above its post BOE
hike high of Gbp0.8938, with triggered stops taking the cross on to Gbp0.89525. 
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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