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Recovery off its sharp corrective pullback....>

CABLE
MNI (London)
CABLE: Recovery off its sharp corrective pullback low of $1.3183 seen struggling
to gain a decent toe hold back above $1.3200 but its trying. If rate can get
back above $1.3215 it should relieve the current negative pressure, one tech
trader has suggested. Eur-Gbp trades around Gbp0.8935, off its rally high of
Gbp0.8954, the cross having been propelled from around Gbp0.8900 area to this
high on suggested 1100GMT RHS interest(similar to that seen Wednesday at the
100GMT fix. 
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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