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Rate touched a low of $1.3846, meeting the....>

CABLE
MNI (London)
CABLE: Rate touched a low of $1.3846, meeting the reported demand placed between
$1.3850/45, before it bounced back to $1.3860. Recovery aided by a reported
dollar index seller. Eur/Gbp, which had provided the earlier downside pressure
on cable, retains its buoyant tone, holding just off its traded high of
Gbp0.8968, currently around Gbp0.8963. Whilst rate can hold above Gbp0.8950 seen
keeping focus on the upside. As mentioned earlier, EU Tusk is expected to
counter the proposals from May/Hammond, threatening easy financial access. 
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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