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Feels weight from early Europe Eur/Usd........>

CABLE
MNI (London)
CABLE: Feels weight from early Europe Eur/Usd slippage though part of this
diverted over to Eur/Gbp. Cable extended intraday lows to $1.4163, as Eur/Usd
broke back under $1.2400, currently trades around $1.4170. Looking at Wednesday
month end action was seen that the much reported cable demand overwhelmed
Eur/Gbp buys, the interest countering the cross's move back above Gbp0.88,
currently trades around Gbp0.8745. However, first of the month often sees
overhand end month Eur/Gbp demand emerge so traders will keep an eye on today's
fixes for any moves. Cable support noted at $1.4155/45 ahead of $1.4125/20.
Resistance seen into $1.4200. 
* UK Manufacturing PMI due at 0930GMT, market median 56.5 vs 56.3 last
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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