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Release of worse than expected UK GDP data....>

CABLE
MNI (London)
CABLE: Release of worse than expected UK GDP data only causes a slight dent in
rate's recovery efforts, sterling again seen taking its lead from equity market
performance. However, the $1.2602 level continues to provide a hurdle to
recovery efforts, a break here to open a move toward $1.2620. Support seen back
at the earlier Asian low of $1.2546. 
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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