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A move away from prospects for a no-deal......>

CABLE
MNI (London)
CABLE: A move away from prospects for a no-deal Brexit on Oct31, following
political moves in the UK Parliament, provided sterling with a boost Thursday,
took cable to an extended recovery high of $1.2354 as it continued to move away
from its Sep03 low of $1.1959. Move also saw EUR/GBP break back under Gbp0.9000,
as this rate eased back toward the base of its key 1.0% 10-dma envelope.
Consolidation in Asia within a range of $1.2322-40, early Europe slightly
extending the topside to $1.2343. Sterling retains a firm tone into Friday
trade, though may find some headwind interest into the weekend with focus set on
PM Johnson's next move to help him achieve his Brexit promise for Oct31, deal or
no-deal. US Employment Report the key data release on the day, median NFP 160k
ahead of Fed Powell speaking ahead of the FOMC blackout period. 
- Cable support $1.2310/00, $1.2260/50. Resistance $1.2350/55, $1.2370/80.  
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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