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GBP's pullback really beginning to pick-up....>

CABLE: GBP's pullback really beginning to pick-up pace headed into the WMR fix,
with GBP/USD breaking comfortably back below the $1.30 mark and through the
Friday lows. Moves prompted by another general bout of risk-off, with the USD
gaining against most others (also helping press the likes of AUD to session lows
also). Any fall further may run into touted support at the May 9 low at $1.2968
and the lower 1.0% 10-dma envelope at $1.2916.
MNI London Bureau | +44 203-865-3809 |
MNI London Bureau | +44 203-865-3809 |

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