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A softer USD, strong UK Services PMI &........>

CABLE
CABLE: A softer USD, strong UK Services PMI & reports suggesting that the
opposition Labour party will push for as soft a Brexit as possible propelled
GBPUSD above 1.3400 on Tuesday, although advances through the figure were
limited. The pair last trades at 1.3405, off of the overnight high at 1.3417.
- Resistance levels are fairly tightly clustered, beginning with the May24
high/76.4% retracement of the 1.3492-1.3205 move (1.3422/24), followed by the
May18 low/May10 low (1.3455/60).
- Central bank speak provides the focus for GBP traders today, with BoE's
Tenreyro & McCafferty due to speak at separate events.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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