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Under pressure again as rate eases back to....>

CABLE
MNI (London)
CABLE: Under pressure again as rate eases back to retest the earlier low of
$1.3305. Support is seen into $1.3300, a break to open a deeper move toward
$1.3280. Pressure seen as Eur/Gbp edges back toward the Gbp0.8900 area. UK Q3
GDP at 0930GMT next focus, second reading and expect t leave the initial release
unchanged. After that we have the bigger of the CBI numbers at 1100GMT, traders
noting RHS Eur/Gbp fix interest of late at this fix. Something to watch our for
anyway.  
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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