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*** Sterling strength remained evident........>

CABLE
MNI (London)
CABLE: *** Sterling strength remained evident through Asian trade, the only
downside blip, which saw rate dip to $1.3382 caused by Jpy demand reaction to
the N.Korean launch of another ICBM over Japan, but dip was quickly bought into
with rate retesting Thursday's NY high of $1.3404. Downside pressure on Eur/Gbp
in the Asia/Europe transition saw cable extend recovery to $1.3415. Sterling
remains firm but upside momentum has slowed. BOE Vlieghe speaks this morning at
0850GMT, an outspoken dove, to see if he has adjusted his view following recent
UK Inflation data/Comments in Minutes/Carney comments. Resistance seen from
around $1.3430 through to $1.3450 with talk emerging of barrier interest up at
$1.3500.  
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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