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Rate correction continues after printing a....>

CABLE: Rate correction continues after printing a post-CPI high of $1.3924. A
modest correction in the USD alongside a negative Wall Street open dragged the
pair back below the $1.39 mark with GBP now trading (at best) mixed after a
stronger start. JPY the strongest performer today as equity markets in both the
US and Europe declined. Support for GBP/USD seen coming into play at the lows of
$1.3854 (23.6% Fib level of today's price action) ahead of the lows at $1.3833
before the Feb12 low of $1.3796. 
MNI London Bureau | +44 203-865-3809 |
MNI London Bureau | +44 203-865-3809 |

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