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Trades back above $1.2800, currently around...>

CABLE
MNI (London)
CABLE: Trades back above $1.2800, currently around $1.2802, as traders await
release of UK second read of Q2 GDP, market median 0.3%QQ, 1.7%YY. Sterling has
traded with an underlying firmer tone through the European morning, albeit at
overall weaker levels. Eur/Gbp trades around Gbp0.9212, off recently posted low
of Gbp0.9205. Cable resistance seen at the earlier high of $1.2813 ahead of
$1.2833. Support $1.2774 ahead of $1.2750. 
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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