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Gets pressed back to $1.3046($1.3047 50%......>

CABLE
MNI (London)
CABLE: Gets pressed back to $1.3046($1.3047 50% $1.3010-83) as rate tracks
EUR/USD slippage. Minor support levels seen at $1.3038-27, 61.8%-76.4%
respectively ahead of the stronger level at $1.3010(Jul18 low). Suggestion
emerging that this latter support is linked to option interest at $1.3000, some
adding that interest could be linked to a $1.30-1.35 structure, though no
confirmation seen. UK Retail Sales provides morning interest at 0830GMT,
headline release expected to be softer than May's strong show but this could be
countered by sales discounting. 
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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