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A fairly muted response to overnight Brexit...>

MNI (London)
CABLE: A fairly muted response to overnight Brexit related voting. Cable was
held within a range of $1.3227-50 in Asia-Pacific dealing, last trading just off
of best levels at $1.3242 in early Europe. The amended Customs Union Bill passed
through parliament (by a majority of 3 in the Commons). 
- Focus now turns to the UK labour labour market report, due Tuesday 0830GMT,
after BOE's Haldane (a hawkish dissenter at the most recent BOE MonPol
decision), noted that his latest trip to Wales "adds to my confidence that the
economy is
experiencing a gradual, on-going firming of pay pressures, with implications for
underlying inflation." Market median for UK Jobs 4.2% unemployment, Employment
115k; AWE 2.5% 3m/yr, ex-bonus 2.7%. 
- Initial support is noted at Monday's intraday low ($1.3217), resistance at
Monday's intraday high ($1.3293).
MNI London Bureau | +44 203-586-2231 |
MNI London Bureau | +44 203-586-2231 |

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