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Recovery efforts seen shallow amid a..........>

CABLE
CABLE: Recovery efforts seen shallow amid a broader-based stronger USD. GBPUSD
holds near the lower-end of its $1.3078-1.3120 range as focus turns to the
release of UK CPI data at the bottom of the hour. From a previous y/y figure of
2.4% for the month of May, a rise in utilities and fuel prices is expected to
drive June's CPI figure to 2.7%. Also at the same time is the ONS House Price
Index and Producer Prices. The house price index for April rose 3.9% on a y/y
basis which was a fall from 4.2% in March. PPI input y/y is expected by analysts
to rise from 9.2% in May to 10.0% in June. PPI output y/y is expected to rise
from 2.9% in May to 3.2% in June.

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