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Cable last deals at $1.2659, 21 pips higher...>

CABLE
CABLE: Cable last deals at $1.2659, 21 pips higher on the day, after registering
15 pip gains yesterday. Price action Tuesday was largely driven by gyrations in
USD strength, but not solely, as some said UK PM May's lent support to the
sterling. 
- Yesterday, the press reported that UK gov't ramped up preparations for a
no-deal Brexit, while the Guardian's sources within the Tory party said they
believe that the future of May's Brexit deal hinges on winning the DUP's
support. 
- Bulls keep an eye on yesterday's high at $1.2706 and a move through that level
would open up the 21-DMA at $1.2711. Conversely, initial support is located at
Tuesday's intraday lows of $1.2610, followed by the psychological $1.2600 level.
- Participants look to the BoE's MonPol decision due Thursday, with the policy
rate widely expected to stay unchanged. Key UK economic releases this week
include CPI due later today, retail sales due Thursday, and GDP due Friday.

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