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Sterling managed to hold above $1.35..........>

CABLE
MNI (London)
CABLE: Sterling managed to hold above $1.35 through the Asian session, the rate
having been pressured higher into the end year (month, quarter) fix as the Usd
came under general pressure. Cable had seen a high of $1.3544 around the fix
before it eased off to $1.3508 ahead of the close. Rate recovered to $1.3521 in
Asia, extending the high to $1.3525 in early Europe, the rate retaining a firm
tone in early trade, currently around $1.3518. 
* Support $1.3510/00, $1.3490/85, $1.3467/57. Resistance $1.3544/50. Tech target
$1.3569(1.618% swing $1.3467-1.3302)
* Data: UK Manufacturing PMI 0930GMT. Market median 57.7, last 58.2
* Options: Expiry $1.3480(Gbp341mn)
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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