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Edges back above $1.28, as rate recovers......>

CABLE
MNI (London)
CABLE: Edges back above $1.28, as rate recovers from its early Europe low of
$1.2774. Rate picks up added demand which allows it to clear through the earlier
Asian high of $1.2806, edging on to $1.2813 at writing. Next resistance seen at
$1.2833. Move seen as Eur/Gbp drops to Gbp0.9205. Support in the cross seen down
at Gbp0.9190. 
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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