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Gets a minor lift following release of........>

CABLE
MNI (London)
CABLE: Gets a minor lift following release of better than forecast UK Mfg PMI
data, but move seems more driven by a minor recovery in EUR/USD than reaction to
the data. EUR/GBP has also edged higher though still holds below its 1.0% 10-dma
top. Focus now switches on to the BOE MPC announcement at 1100GMT, market
expecting dovish comments due to Brexit uncertainties. 
- Support into $1.2100 (option barrier?), break to expose base of the 2.0%
10-dma envelope at $1.2091 ahead of $1.2070 and stronger interest into $1.2050.
Resistance $1.2137 ahead of $1.2150/60. 
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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