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Lows extended to $1.2851 but reported.........>

CABLE
MNI (London)
CABLE: Lows extended to $1.2851 but reported hourly support able to cushion the
move between $1.2855/45. Rate currently trades around $1.2860, the recovery
aided as Eur/Gbp presses on its intraday lows of Gbp0.9127 (fresh low
Gbp0.91265). A break of $1.2845 to expose Friday's low of $1.2832 with some
suggestion of decent demand remaining in place between $1.2840/30, with stops
below. Resistance into $1.2880(Asia high $1.2879). 
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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