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*** Sterling takes a knock from release of....>

CABLE
MNI (London)
CABLE: *** Sterling takes a knock from release of weaker than forecast UK
Construction data, 51.9 vs median forecast 54.0. Cable dips back to $1.3227 as
Eur/Gbp spiked through earlier resistance at Gbp0.8960 to Gbp0.8968. Strong
rally in Eur/Usd pre UK data release seen aiding the cross react move, currently
trades back at Gbp0.8958 as cable recovers to $1.3236. Cable did touch an
extended rally high of $1.3245 pre data, th4e high matching Tuesday's top. 
Resistance is noted into a suggested barrier at $1.3250, stops above. 
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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