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Extends recovery topside to $1.3080 (UK.......>

CABLE
MNI (London)
CABLE: Extends recovery topside to $1.3080 (UK Svcs PMI react $1.3079) as
Eur/Gbp eases off to retest its post data low of Gbp0.8902. Move looks to be a
tentative recovery, after sterling was knocked by Thursday's BOE MPC 'dovish
hike'. Technical oversold conditions also seen being corrected though rate seen
needing a push through hourly resistance at $1.3080/1.3100 to boost further
recovery hopes. 
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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