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Early demand in Europe allows cable to........>

CABLE
MNI (London)
CABLE: Early demand in Europe allows cable to extend recovery to $1.2940 (Asia
range $1.2916-33), Asian traders having noted decent demand evident in the
earlier pullback from $1.2933 around the $1.2925 level ahead of this latest push
higher. Traders note that a total of Gbp3.22bln of option interest rolls off at
today's NY cut, with strikes from $1.2945 through to $1.3000. Of the total
Gbp2.84bln are GBP calls, Gbp1.49bln concentrated at $1.3000. 
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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