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Sterling buoyancy eventually allows cable.....>

CABLE
MNI (London)
CABLE: Sterling buoyancy eventually allows cable to break above $1.3250,
extending its recent recovery to $1.3255. If stops were fired off in the move
they look to have been well supplied by profit take sales, though rate retains a
firm tone at writing. Next resistance noted into $1.3275/80 ahead of $1.5300.
Traders noted Thursday that the $1.3184/80 area held decent demand interest
which supported the rate through that session, sparking some thoughts of ongoing
portfolio shift. 
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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