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Cable under pressure

By   || June 8, 2009 at 06:14 GMT
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Cable is under heavy pressure early, presently down at 1.5870 from an early 1.5930.  The USD is seeing across the board strength, while sterling is weak in it’s own right as the market continues to fret over Brown’s future.

Technical support now lies at 1.5850/55. Could well be sell stops just below there.

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