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Cable has stuck to a tight range around.......>

CABLE
CABLE: Cable has stuck to a tight range around ~$1.3100 after Wednesday's ~80
pip decline, last $1.3093.
- Sterling depreciated on the back of news from the Brexit summit signalling a
serious deadlock in drafting a divorce agreement, with questions surrounding the
feasibility of a November summit between the UK & EU. This came after soft UK
CPI data added pressure early on.
- Elsewhere BoE Dep. Gov. Cunliffe said a bad Brexit outcome may entail a "big
fall" in the pound and added that UK wage growth may be weaker than forecasted.
- Broader USD strength also weighed on the pair Wednesday.
- Bulls are seeking a close above $1.3200, while a clean break of near-term
support at $1.3097 would give a green light to the bears, allowing them to
target the 50-DMA at $1.2995.
- Focus this week includes any Brexit summit fallout & UK retail sales due later
today, with BOE Governor Carney due to make an address in NY on Friday.

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