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Saw a recovery high of $1.2999 in Asia but....>

CABLE
MNI (London)
CABLE: Saw a recovery high of $1.2999 in Asia but has since slowly drifted lower
into Europe, the rate currently trading around $1.2978 and holding just off its
Asian low of $1.2974. Support remains into $1.2970, stronger into $1.2950
($1.2952 Aug10 low). Recovery in Usd/Jpy back above Y109.00 seen driving the
general dollar recovery in early Europe. 
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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