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Cable has settled back above $1.3150, after...>

CABLE
MNI (London)
CABLE: Cable has settled back above $1.3150, after earlier corrective pullback
off Asian highs of $1.3212 (Jan25 high $1.3217) touched a low of $1.3137 after
its eventual break of $1.3150. Rate currently trades around $1.3160 and looks
fairly settled as we approach the close. Resistance noted at $1.3180, a break to
expose $1.3200, with a move above to open a move to retest recent highs of
$1.3212/17. Support $1.3150-37, stronger between $1.3080/60. Markets remain
fraught ahead of the passage of key Brexit legislation due tomorrow, with voting
for amendments and the bill itself due to start at around 1900GMT Tuesday.
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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