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Talk of decent offers in cable around 1.6410/20

By Sean Lee  || July 3, 2009 at 02:49 GMT
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I heard this earlier this morning and the market has stopped shy of this level on two occasions now. There are also said to be good sized bids at 1.6280 and stops below 1.6250. Sterling has been very quiet today and in fact it took a back seat during most of the NY session as well, moving primarily on the crosses. This is usually a sign of some big orders either side of the cable market.

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