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Recovered off a Friday low of $1.3502 to......>

CABLE
MNI (London)
CABLE: Recovered off a Friday low of $1.3502 to touch a high of $1.3596 before
it settled back around $1.3945 into the week's close. USD came under mild
downside pressure in early Asia as traders reacted to some slippage in UST
yields, as yield holds below 3.0%. Cable traded back up to $1.3575 but had
drifted back to $1.3555 into Europe. Fresh USD sales in Europe allowed for a
recovery to $1.3571 but rate struggled to hold stronger levels and has since
eased off to $1.3555 again at writing. A fairly light data calendar for Monday
with domestic attention on Tuesday's release of UK Employment data. Unemployment
could tick lower(market median 4.2%) but more interest seen on wages(market
median 2.8% incl bonus payments, though ex-bonus could ease to 2.6%).   
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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