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Under pressure in early Europe as rate........>

CABLE
MNI (London)
CABLE: Under pressure in early Europe as rate breaks out of its earlier Asian
range of $1.2860/75, extending the intraday base to $1.2850. General dollar
demand, led by Usd/Jpy, drove the move with recovery effort only able to lift
rate back to the $1.2857 level so far. Support remains at $1.2850/40, stops
below, a break to expose the Jul12 low of $1.2812. Focus on UK Employment
Report, jobs and earnings data. 
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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