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Brexit and Covid remains in focus

CABLE

GBP brushes aside the miss in Industrial Production, this morning.

  • GBPJPY test high of the session while Cable trades back at pre data level, above 1.2950.
  • Brexit remains at the forefront, with the EU summit next week.
  • Today some attention on Covid and the likely closure of Northern England's pubs and restaurants
  • Yesterday the UK recorded 17,540 new cases vs 3,378 on Wednesday.
  • At midday, sees the important infection rate release.
  • Technically, initial resistance for Cable is seen at 1.3007 High Sep 16 and Oct 6 plus key resistance

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