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Cable last deals $1.3020 after posting a......>

CABLE
CABLE: Cable last deals $1.3020 after posting a ~90 pip fall on Thursday.
- Sterling suffered from an extended deadlock in the attempts to forge an
acceptable Brexit agreement. PM May faces opposition both from hardline
Brexiteers in her own party and from the EU.
- The rate did manage to draw some support from Euronews reports made on
Thursday which suggested that the "EU is willing to alter the controversial
backstop to make it UK-wide as requested. However will take some time to
prepare, in meantime they will look to put a clause in Withdrawal Agreement
committing the EU to creating a UK-wide backstop." But that quickly faded.
- UK retail sales, released Thursday, had a very limited reaction on GBP.
- After breaking $1.3060 bears now target the Oct 4 lows counting on an
extending downtrend. Bulls need a close above $1.3200 before challenging the Sep
20 high at $1.3298.
- UK focus Friday remains on Brexit matters & an address from BoE Gov. Carney.

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