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Sterling continues to trade with an...........>

CABLE
MNI (London)
CABLE: Sterling continues to trade with an underlying buoyant tone with cable
extending its recent recovery to $1.4164 Monday, though move slightly trailed
Eur/Usd's stronger move. Cable settled around $1.4130 through to Monday's close
with trade through Asia held within $1.4121-41. China Xi's measured comments, in
a much anticipated response to US Trump trade tariff threats, provided a general
improvement in risk and aided sterling, this added buoyancy allowed Eur/Gbp to
ease away from above Gbp0.8720 and was seen pressing on Asian lows of Gbp0.8707
into Europe. Support in the cross seen between Gbp0.8700-0.8695. Resistance
GBp0.8724. A UK data light day with attention on BOE Chief Economist Haldane,
speaking at 1030GMT.  
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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