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*** Maintains the overnight break above.......>

CABLE
MNI (London)
CABLE: *** Maintains the overnight break above $1.3300 in early Europe, the rate
having progressed to $1.3315 before momentum faltered. Focus today on the UK
Employment Report at 0830GMT, including AHE. Following on from Tuesday's release
of stronger than forecast inflation data, which has been seen boosting
suggestions that the BOE MPC Minutes Thursday could lean more toward the hawkish
side (no change in rates/QE widely expected), it would take a big disappointment
in today's numbers to dent the current sterling positive outlook. Resistance
seen into $1.3320, a break to open a move on toward $1.3350/60. Support
$1.3275/65.  
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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