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Extends the recovery off recent pullback......>

CABLE
CABLE: Extends the recovery off recent pullback lows ($1.3964) to the $1.3985/90
area. Markets will look for a close above $1.4000 for the next leg higher with
resistance noted at $1.4027/33 (Intraday high, 13-mth bull channel top). Traders
look ahead to tomorrow's UK Labour data release at 0930GMT where Analysts expect
a 20k drop in the number of employees in the labour force for the period
Sep-Nov. This would follow falls of 56,000 and 14,000 in the three months to
October and September respectively. MNI's data team expect robust wage growth
and note that Unit Labour costs have risen for the 10th straight quarter. Please
see MNI Main Wire 5 things to look for: UK Labour Data (1613GMT) for the full
report. 

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