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Approach to $1.3200 again met stiff...........>

CABLE
MNI (London)
CABLE: Approach to $1.3200 again met stiff resistance, the rate touching $1.3191
before it drifted back to $1.3142. Slight recovery to $1.3164 ahead of NY before
USD demand emerged again. Break of Wednesday's low of $1.3122 added further
downside momentum which took it to a low of $1.3062. Recovery efforts were
capped by $1.3187. Cable lost its early shine as risk general risk appetite
faded(denial of Trump to meet China counterparts) and market realization that
despite last night's passing of the Extension Bill in Parliament, 'accidental'
no-deal remains a possibility. Germany Merkel met Ireland's Vradkar today and
are determined not to allow the UK to drop out of the EU with no deal, wanting
to secure no hard border with N.Ireland. Conservatives met Labour
representatives today and talks were again described as constructive, though
nothing positive announced thus far. Position adjustments ahead of Friday's key
US Employment Report also saw USD inflows. 
- Cable support $1.3062, $1.3015/10 ahead of $1.2978/76. Resistance $1.3087
through to $1.3100. $1.3130, $1.3150, $1.3200.
- UK Halifax House prices 0830GMT Friday, Unit Labour Costs 0830GMT.  
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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