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Picks up fresh demand that provides the.......>

CABLE
MNI (London)
CABLE: Picks up fresh demand that provides the momentum to take rate through
reported resistance at $1.2350. Rate extends recovery rally to $1.2382 while
EUR/GBP drops to Gbp0.8725, following earlier fail at Gbp0.8767(61.8%
Gbp0.8814-0.8690). Move takes the cross back below its key tech 10-dma level,
currently at Gbp0.8735, but seen edging back toward at writing. Cable resistance
now seen at that $1.2382 high, stronger into $1.2390/1.2400.  
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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