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Sterling gets a knock back from release of....>

CABLE
MNI (London)
CABLE: Sterling gets a knock back from release of disappointing UK Construction
PMI data, coming in at 51.1 vs 52.0 forecast. Rate had had been pulled up to
$1.2952 ahead of release, more on the back of Eur/Usd edging back above $1.1900,
then dropped back to $1.2941 on react. This weakness in sterling left Eur/Gbp
open to track Eur/Usd's recovery, the cross traded on to Gbp0.9206 as it
extended its recovery off Friday lows of Gbp0.9150. 
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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