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Cable last trades at $1.2823, sticking to a...>

CABLE
CABLE: Cable last trades at $1.2823, sticking to a tight range in early Asia-Pac
dealing after yesterday's ~60 pip fall. 
- The pair slipped lower yesterday afternoon on the back of another bout of USD
strength, printing session lows, sub-$1.2800, on the back of a late BBG headline
noting that Brexit talks on hold with UK PM May's team in disagreement. 
- Bears seek a break below the 61.8% retracement from 2016 lows at $1.2810
before targeting the 2018 lows at $1.2662. Bulls need to break the downtrend
channel top at $1.2980 to regain momentum. 
- Highlights today include UK sovereign debt ratings by S&P and Fitch. Focus
next week falls on BoE MonPol decision accompanied by the quarterly inflation
report, followed by BoE Gov. Carney's press conference on Thursday.

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