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Trading around $1.3790 in early Europe,.......>

CABLE
MNI (London)
CABLE: Trading around $1.3790 in early Europe, holding within its earlier
$1.3775-1.3815 Asian range and seen buoyed as Eur/Gbp gets squeezed down to
Gbp0.8914 (Asia range Gbp0.8923-50)as the Eur seen under early pressure in
Europe as markets watch outcome of the Italian election (populist parties having
fared well though not enough to gain a majority). Cable support seen between
$1.3760/50. Resistance $1.3815/20 ahead of $1.3850. Services PMI at 0930GMT
provides the main domestic interest, the major PMI release of the set for the
UK, with market median seen at 53.3 vs 53.0 last.  
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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