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EQUITIES

Estoxx fades off initial resistance

EGB OPTIONS

Schatz put spread

CABLE
CABLE: Early USD sales in NY has seen Gbp extend its recovery to the $1.4230/35
area. Rate seen approaching resistance from the 50%/61.8% daily range at
$1.4244/61, a break of $1.43 is required to challenge yesterday's post Brexit
high of $1.4377. Eur/Gbp remains elevated via Eur/Usd and holds above Gbp0.8700,
support at Gbp0.8671/59 (50%/61.8% Gbp0.8620-0.8722).