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Extends its post UK GDP/IP-Mfg data release...>

CABLE
MNI (London)
CABLE: Extends its post UK GDP/IP-Mfg data release lows to $1.2845, after
breaking below last Thursday's initial BOE MPC react low of $1.2854, as growth
concerns remain the key market drivers. Like EUR/USD, which is seeing the same
USD led pressure, recovery efforts remain very shallow and currently seen
keeping focus on the downside. A break of $1.2845 to expose next tech support
between $1.2830/25. If $1.2845 holds we could see a slow nudge back toward
$1.2867/70.  
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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