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UK employment data taken well by the..........>

CABLE
MNI (London)
CABLE: UK employment data taken well by the market, not as bad as some had been
forecasting due to the effects of the COVID-19 lock down, though the claimant
count did see a larger than expected rise of 856.5k vs expected 676.5k. Cable
edged higher on the release, moved through earlier high of $1.2222 and then
above Monday's high of $1.2227 to $1.2232 with upside pressure remaining in
place at writing. Next resistance seen into $1.2240/50 ahead of $1.2266. 
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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