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Extends recovery away from its Asian low of...>

MNI (London)
CABLE: Extends recovery away from its Asian low of $1.3973 with rate currently
attempting to gain a toe hold back above $1.4000. Rate did see an early high in
Asia of $1.4008, resistance now seen here ahead of Tuesday's high of $1.4025 and
reported sell level at $1.4040. Focus is set on today's release of UK Employment
data with many reports looking for a strong show in wages, which if confirmed
would strengthen the call for a May hike. Employment expected to remain strong,
though the unemployment rate widely expected to remain at 4.3%.  
MNI London Bureau | +44 203-586-2231 |
MNI London Bureau | +44 203-586-2231 |

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