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GBP underperformance creeps in with GBP/USD...>

CABLE
CABLE: GBP underperformance creeps in with GBP/USD briefly testing the waters
below $1.2100 again, lows of $1.2091 registered. Rate back to $1.2110 last, 20
pips or so worse off on the day.
- Results of the Brecon & Radnorshire by-election are expected shortly. Several
TV outlets in the UK have suggested that their sources believe that the Lib Dems
have won the by-election, which would reduce the ruling government's majority to
1.
- Bears target yesterday's low at $1.2080.
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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