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Retains a firm tone in early European.........>

CABLE
MNI (London)
CABLE: Retains a firm tone in early European trading, the rate holding up
against its recently posted recovery high of $1.3349, extending is recovery off
its Friday low of $1.3300(NY). Asian traders suggested sell interest placed
ahead of a large option expiry, strike $1.3350(Gbp2.15bn), for today's NY cut. A
break of $1.3350 to open a move toward $1.3364(38.2% $1.3467-1.3300). Support
remains at $1.3310/00(Asia/NY lows).
* Brexit negotiations move on to trade. EU Barnier already sends warning shots
about difficult road ahead. 
* Data: UK CBI Trends 1100GMT provides the domestic data interest. 
* Options: Expiries for today's NY cut, $1.3150(Gbp441mn), $1.3350(Gbp2.15bn),
$1.3380(Gbp507mn), $1.3500(Gbp420mn), $1.3350-60($2.09bn), $1.3600(Gbp1.13bn)
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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