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CABLE: Cable consolidated between $1.3142/62 in Asia as markets await this
evening's vote on the Brexit Bill amendments, with headlines expected through
the day as the Bill is debated. Outside of the overnight5 range support is noted
at Monday's low of $1.3137 ahead of $1.3100. Resistance $1.3180 ahead of
- Position adjustments have seen GBP off its recent best levels above $1.32,
weighed by press reports stating that PM May wants Tory MPs to back the "Brady
amendment", which would replace the Irish backstop with "alternative
arrangements", in an attempt to forge an intra-party compromise. The
aforementioned reports hit after the EU Commission spokesperson reiterated that
the Brexit deal is not open to renegotiation. As a reminder, amendments to the
deal are due to be tabled from 1900GMT Tuesday.
- Brexit matters will dominate this week's docket; elsewhere, UK Mfg PMI will
hit on Friday.