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US EURODLR OPTIONS

1Y Midcurve Put Spd Update

EURGBP TECHS

Consolidating At Recent Lows

PIPELINE

Starting to Launch

CABLE
CABLE: Sterling demand emerges into the dip to $1.3040, the rate able to edge
back toward $1.3060 while Eur/Gbp squeezes down to retest the earlier Asian low
of Gbp0.8918. As mentioned earlier, banks have reported decent real money demand
interest into sterling dips.