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Recovered off its Tuesday low of $1.3193 to...>

CABLE
MNI (London)
CABLE: Recovered off its Tuesday low of $1.3193 to $1.3236 in NY then
consolidated basically between $1.3220-30 through Asia before it came under mild
early pressure in opening Europe trade. Rate has extended its intraday low to
$1.3213, after being held in Asia between $1.3217-32. EUR/GBP continues to hold
above the Gbp0.8800 level, opens with a firm tone in Europe, though ranges seen
tight. BOE Carney is due to speak at 0800GMT on the Financial Stability Report,
comments will be watched. CBI Retail Sales data due at 10000GMT, the more focal
of the two releases from this organization. US Durable Goods at 1230GMT to draw
attention into the afternoon. Support $1.3200/1.3190. Resistance at the earlier
Asian high of $1.3232 ahead of the NY recovery high of $1.3255.  
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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