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Drops through Tuesday's low of $1.3109 and....>
CABLE: Drops through Tuesday's low of $1.3109 and now through $1.3100 to extend
the corrective pullback, from earlier Asian high of $1.3176 to $1.3092. Next
support of note seen between $1.3070/60. Move seen as Eur/Gbp broke through
resistance between Gbp0.8845/50, touched Gbp0.8852, just shy of its swing target
at Gbp0.8854. Cross currently trades around Gbp0.8842, cable aro8und $1.3104.
To read the full story
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.