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Sterling demand takes cable through earlier...>

CABLE
MNI (London)
CABLE: Sterling demand takes cable through earlier high of $1.3288, with
momentum edging it through Thursday's sharp rebound high of $1.3292 and on to
$1.3303 as Eur/Gbp drops back to extend its recent corrective pullback from
Gbp0.9033 to Gbp0.8900. Next cable resistance expected into $1.3320, with a
technical target at $1.3319 sitting just ahead (1.618% swing projection of the
pullback from $1.3292 to $1.3246). Cable currently trades around $1.3299 at
posting. 
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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