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Sterling remains under pressure as markets....>

MNI (London)
CABLE: Sterling remains under pressure as markets head into the NY open. Cable
trades back below $1.2880, though so far holds off a retest of its earlier low
of $1.2867. Break here exposes next support at $1.2850. Resistance seen into
$1.2900. Eur/Gbp has extended its recent recovery to Gbp0.91285(fresh 10-month
high) with resistance/target level seen just above at Gbp0.9135, stronger
resistance then noted between Gbp0.9140/50.
MNI London Bureau | +44 203-586-2231 |
MNI London Bureau | +44 203-586-2231 |

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