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Drops to $1.2911 from around $1.2950 as UK....>

MNI (London)
CABLE: Drops to $1.2911 from around $1.2950 as UK CPI misses forecast, headline
2.6%(expected 2.7%yy), core 2.4%(expected 2.5%). Recovery effort fairly muted as
rate trades around $1.2915, moves back to retest initial react low at writing.
Couple of swing projection targets in the $1.2915/05 area with minor demand seen
into $1.2900. Below and $1.2879 (Jul13 low) becomes exposed. Eur/Gbp makes a
show back above Gbp0.91, touched Gbp0.91035, currently around Gbp0.9097. 
MNI London Bureau | +44 203-586-2231 |
MNI London Bureau | +44 203-586-2231 |

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