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Cable continues to find buoyancy above........>

CABLE
MNI (London)
CABLE: Cable continues to find buoyancy above $1.3027, having tested the low a
few times during Thursday's trade. Rate currently trades around $1.3038 with
markets seeming to be generally quietening down ahead of the close. Support
remains at $1.3027/20 ahead of $1.3000. Resistance $1.3095/1.3110. Brexit
remains the key driver of sterling with recent positive comments keeping it
buoyed, though headlines from Bloomberg, citing UK officials saying a Brexit
deal next week unlikely. This latter comment did apply some downside pressure
but not enough to take rate back below $1.3000. Domestic data interest seen on
CBI Trades data at 1100GMT(the more important of the two CBI releases), median
5.0% from previous flat.  
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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