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Greenback continues to inch lower alongside...>

CABLE
CABLE: Greenback continues to inch lower alongside the pick up in equities
following the Fed's decision to expand their Main Street lending program.
GBP/USD nudges just above the earlier highs to print $1.2533, the highest level
since April 15th.
- This move tops aforementioned key resistance at the $1.2529 mark, shifting the
near-term outlook more bullish. Markets now eye the next bull trigger at
$1.2648, the April 14 high. A clearance here would likely coincide with a move
north of the $1.2653 200-dma after the mark proved a significant hurdle for
prices back in mid-April.
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com

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