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Sterling sales emerge again to take cable.....>

CABLE
MNI (London)
CABLE: Sterling sales emerge again to take cable back below $1.3900, but held
off a retest of earlier lows of $1.3885. Rate currently trades around $1.3891.
Expect support at $1.3885 ahead of $1.3875/65 with stronger interest between
$1.3850/40. One model we watch has got stop sell interest placed on a break of
$1.3840. Moves so far seen more as position adjustments ahead of today's ECB
meeting and Friday's US Job Report. 
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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