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Got pulled lower by the sharp downside........>

CABLE
MNI (London)
CABLE: Got pulled lower by the sharp downside reaction in Eur/Usd (Berlin SPD
rejects Merkel talks), the traded back from above $1.38 to a fresh intraday low
of $1.3779(Asia low $1.3785). Rate has been able to edge back to the $1.3785/90
area. Eur/Gbp reaction saw this rate drop from above Gbp0.89 to Gbp0.8868,
currently back above Gbp0.8880. UK Inflation data at 0930GMT provides the
domestic focus, headline CPI expected to ease to 3.0%yy from 3.1%yy in November.
* Support $1.3760/50, $1.3730/25. Resistance $1.3804, $1.3819. 
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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