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Friday's recovery off $1.2939 saw rate........>

CABLE
MNI (London)
CABLE: Friday's recovery off $1.2939 saw rate recover to a fresh intraday high
of $1.3032 before closing the week at $1.3012. Trade through Asia was confined
to a range of $1.3000-22(Reuters chart) with rate retaining some buoyancy as it
holds above $1.3000 in early Europe. A light data calendar for the UK Monday
with Tuesday bringing Inflation data and Wednesday the UK Jobs Report. Cable
support noted at $1.3000 ahead of $1.2985/75. Resistance $1.3032 ahead of
$1.3050. 
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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