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Cable lower in early trade; testing 1.6280

By Sean Lee  || July 5, 2009 at 21:37 GMT
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Cable traded down to 1.6285 a few moments ago but I’m unaware of any news which may be moving it. It looks like the market is trying to get at stops which are below 1.6265 and again below 1.6250. We shall probably now find out whether the rumoured big bid at 1.6280 exists.

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