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*** Sterling's firm tone allows cable to......>

CABLE
MNI (London)
CABLE: *** Sterling's firm tone allows cable to extend recovery to $1.3254 in
early European trade. Eur/Gbp also reflects this strength as the cross eases to
Gbp0.89075 after breaking out of its Asian range of Gbp0.89135-27. Next
resistance at $1.3267(76.4% $1.3338-1.3039), support $1.3225/20. Rate currently
trades around $1.3242 as the Usd claws back some of its overnight/early Europe
losses, though this effect seen more on Eur/Usd as this rate eases back below
$1.1800. 
* Light UK calendar for Friday. Market remains wary of Brexit headlines.
Sterling buoyancy from BOE rate path comments(Carney).
* Options: Expiry of note $1.3300(Gbp640mn) 
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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