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CABLE: Positioning ahead of BOE MPC Saunders speech at 0840GMT sees cable under
fresh pressure, the rate easing to a fresh intraday low of $1.3008, though
EUR/GBP so far holds within its earlier Asian range. BOE Saunders is one of the
current dissenting members on the MPC so market expecting him to add his voice
to recent dovish comments. This should be no major surprise buy leaves open the
surprise element if he tempers that outlook. Support seen into $1.3000, the
level also holding the strike of an expiring option for today's NY cut,
Gbp841mln, with larger interest noted between $1.2970-50 for Gbp1.46bln.