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Sterling pares earlier gains as cable slips...>

CABLE
MNI (London)
CABLE: Sterling pares earlier gains as cable slips back under $1.3100, currently
trades around $1.3090, and EUR/GBP bounces back to post fresh intraday highs of
Gbp0.8554, off its intraday low of Gbp0.8532. Stronger cabler support seen
around $1.3070. Month-end models have suggested USD sales, with sterling one of
the beneficiaries, which should keep cable buoyed though early covering may
leave markets open to a short USD squeeze ahead of Tuesday's fixes.  
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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