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Trades around $1.2970, just off recently......>

CABLE
MNI (London)
CABLE: Trades around $1.2970, just off recently posted intraday lows of $1.2964.
Traders make note that cable doesn't seem to want to wander too far away from
the $1.3000 level, as well as Eur/Gbp attracted to Gbp0.9090, possibly as level
corresponds to E1.1000 which corporates may prefer. Support is seen into $1.2960
($1.2961 76.4% $1.2939-1.3032) ahead of $1.2939. Resistance $1.3030/35, ahead of
$1.3050. 
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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