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Broad-based USD demand triggered by the.......>

CABLE
CABLE: Broad-based USD demand triggered by the political mess in Australia
pressured GBPUSD back through $1.29 overnight to extended pullback lows of
$1.2856. Dip buyers emerged into Europe, USD longs took profit, with recovery
efforts extending to $1.2875/80. Brexit comes to the fore today as the Secretary
will publish around 20 technical papers setting out plans for a no deal on areas
including customs, health and farming. Markets will remain on headline watch.
EURGBP remains in consolidation mode, holding either side of Gbp0.8980. A break
and hold above the Gbp0.90 level is needed to turn the outlook bullish. 

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