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Free AccessCable has added 10 or so pips in early........>
CABLE: Cable has added 10 or so pips in early dealing, to last trade at $1.3043.
- UK PM May reiterated her faith in her Chequers plan over the weekend, but she
also failed to rule out some compromises re: Brexit as the Conservative Party
conference got underway.
- May's cabinet minister's Fox & Hunt took a slightly harder line vs. the EU in
their respective addresses over the weekend.
- The pair's downside focus turns to the 50-DMA ($1.2984), a break here targets
the September 05 low ($1.2786). Bulls need to reclaim the 100-DMA ($1.3135) to
alter the short-term outlook.
- Participants' focus will fall on the aforementioned Conservative Party
conference & an address from BoE's Tenreyro today, with the release of the
Manufacturing PMI survey also due. Focus later in the week will turn to the
release of the services PMI survey, as well as comments from BoE's Haldane &
Haskel.
To read the full story
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.