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The recovery off European traded lows.........>

CABLE
CABLE: The recovery off European traded lows ($1.3843) extended with Eur/Usd to
fresh daily highs of $1.3871, before fading. Narrow range trade continues ahead
of UK CPI data today at 0930GMT. MNI markets team note airfares remain the
upside risk. They add, airfares tend to fall in January but there is a
possibility that the fall this January may have been softer than the 36% m/m
fall recorded in January 2017 on account of the recent rally in oil prices. (See
Main Wire - 5 Things to look for: UK January inflation data 0432GMT). Cable last
$1.3854.

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