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Trades around $1.2922, off its recently.......>

CABLE
MNI (London)
CABLE: Trades around $1.2922, off its recently posted low of $1.2911 with market
awaiting release of UK Services PMI data at 0830GMT (market expectation 53.5 vs
last 53.8). Support $1.2911/06 ahead of $1.2900. Resistance remains into
$1.2940. Eur/Gbp remains back above Gbp0.9190, the cross not expected to trade
too far away from the Gbp0.9200 level (holds a large expiry for today's NY cut,
E1.55bn). Gbp/Jpy now back above its broken support at Y141.50. 
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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