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GBP has appreciated over the last half an.....>

CABLE
CABLE: GBP has appreciated over the last half an hour or so after Shire revealed
that it is willing to recommend the revised Takeda M&A proposal to shareholders.
- GBPUSD last deals at 1.3995, marginally higher than the lower 1% volatility
band, with the next upside level of interest above the figure being the April 23
high (1.4031).
- While any M&A flow will provide short term respite, the recent run of soft UK
economic data & more measured rhetoric from the BoE has clipped the wings of the
bulls for the time being.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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