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Sterling action in focus ahead of UK Retail...>

CABLE
MNI (London)
CABLE: Sterling action in focus ahead of UK Retail Sales, quick dip to $1.3510,
though seen more influenced by Eur/Gbp edging up to Gbp0.8885, just shy of its
earlier high of Gbp0.8886. Sterling pares those losses with cable back to
trading around $1.3520. Position adjustments ahead of the data in thin markets
providing the volatility, though within earlier range. 
* UK Retail Sales market median ex-fuel 0.2%mm, 1.1%yy; incl fuel 0.2%mm,
1.4%yy. 
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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