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Seen struggling to keep pace with the.........>

CABLE
MNI (London)
CABLE: Seen struggling to keep pace with the stronger Eur/Usd recovery, though
rate has been able to edge away from its early Europ[e low of $1.3033 to
currently trade around $1.3045. This lagged move has allowed Eur/Gbp to creep
higher, the rate extending its bounce off early Europe low of Gbp0.9136 to
Gbp0.91535, the move in the cross seen keeping cable upside in check. Cross
resistance seen at Wednesday's high of Gbp0.91645. For cable, resistance remains
at the earlier high of $1.3060 ahead of $1.3080/85. 
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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