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Holds off its react low of $1.3275 but........>

CABLE
MNI (London)
CABLE: Holds off its react low of $1.3275 but recovery efforts seen hampered as
traders ponder the BOE MPC predicament, strong employment with wage growth and
increasing inflation. View after Tuesday's release of UK inflation data boosted
suggestions that the Bank may tilt toward a hawkish stance in their Minutes (no
change in Rates/QE widely expected). Support remains in place between
$1.3275/65, $1.3250. Resistance $1.3330, $1.3350/60. 
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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