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As recovery efforts hold shallow at the NY....>

CABLE
CABLE: As recovery efforts hold shallow at the NY crossover GBPUSD prints fresh
2018 lows of $1.3312. The rate has now dropped over 1000 pips from its Apr17
high ($1.4377) as the seasonal trend of 8 straight losses in May continues to
play out. GBPUSD is currently down 3.25% on the month, 5.00% on the quarter and
is also on course to reverse the trend of 5 straight quarters of gains. Support
remains on approach to $1.3300 ($1.3303/02 Dec12 low/Dec15 low, 1.618% swing
$1.3712-1.4377).

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