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Further extends recovery off of its Friday....>

CABLE
MNI (London)
CABLE: Further extends recovery off of its Friday low of $1.3300, touches
$1.3378 and retains a firm tone at writing. Move has played catch up on Eur/Usd,
in turn sees the cross trade back toward its early Europe low of Gbp0.8817, from
its European morning high of Gbp0.8841. Hourly technical resistance is noted
between $1.3380/90. Large $1.3350 strike expiry for today's NY cut likely to
provide some attractive influence(expiry amount Gbp2.15bn). Rate trades around
$1.3375 at posting. 
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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