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Sterling trades just off best levels as.......>

CABLE
MNI (London)
CABLE: Sterling trades just off best levels as some position adjustment seen
ahead of release of UK Construction data on the half hour. Market median 54.0,
last 54.8. Cable trades around $1.3231, off traded highs of $1.3240, Eur/Gbp
trades around Gbp0.8942, off its pullback low of Gbp0.8939 (Asia low Gbp0.89385;
early Europe rejection high of Gbp0.89600. Barrier interest at $1.3250 suggested
and likely to make any progress through $1.3240/50 difficult. However a break of
the $1.3250 level exposes $1.3279. Support seen back at $1.3200/1.3190. 
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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