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Spikes higher at the European open, the.......>

CABLE
MNI (London)
CABLE: Spikes higher at the European open, the rate extending its recovery off
early Asian mark down $1.3470 to $1.3570 in a move seen driven more by Eur/Gbp.
The cross was pressed below Gbp0.8800 in early Europe, rate extending lows to
Gbp0.8787 and holds heavy at writing. Next support in the cross seen between
Gbp0.8785/75. For cable, resistance now seen into $1.3580, with further interest
at $1.3595/1.3600. 
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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