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Recovery efforts continue to hold shallow,....>

CABLE
CABLE: Recovery efforts continue to hold shallow, failure to overcome the
$1.3100 area triggered renewed sell interest to $1.3070 and seen approaching
support from the intraday low ($1.3067). GBP was initially pressured in early
Europe on BoE Cunliffe BBC radio remarks that noted concern over household debt
and gave no hints that he would move over to the hike camp. A broadly firmer USD
also seen attributed to the move. Next support seen at $1.3055 (7 week bear
channel base proj./38.2% $1.5018-1.1841).   

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