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Trades with a heavy feel into early...........>

CABLE
MNI (London)
CABLE: Trades with a heavy feel into early European trade, rate currently rests
on its intraday low of $1.3517. Traders in Asia picked up on a report in the
Telegraph that 'German hostility risks derailing UK plan for a bespoke Brexit
trade deal', citing this for sterling sales. However, cable so far holds well
off its Tuesday low of $1.3504. UK IP/Mfg seen key data release at 0930GMT.  
* Support $1.3504/1.3495, $1.3480 with stops below. Resistance $1.3542(Asia
high), $1.3554/66(61.8%/76.4% $1.3585-04).
* Data: UK IP/Mfg (medians 0.3mm, 1.8%yy/0.3%mm, 2.8%yy). Construction Output
median 0.8%mm, -1.1%yy. UK Trade (0930GMT)  
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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