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Cable last trades flattish at $1.2727.........>

CABLE
CABLE: Cable last trades flattish at $1.2727. Bulls look to the 1.0% 10-DMA
envelope at $1.2742, bears target the lower Bollinger band (2%) at $1.2685.
- Press reports stating that PM May will make a new, "bold offer" to MPs re:
Brexit allowed GBP/USD to open on the front foot yesterday, but the initial
enthusiasm waned quickly. The pair climbed to an intraday peak at $1.2757 in the
London morning, tracking a recovery in EUR/USD, before easing off through the
Asia-Pac lows. Subsequent recovery attempts failed to generate any substantial
momentum and cable closed almost unchanged.
- The press reported that PM May considers backing a closer customs union with
the EU to buy Labour support for her Brexit deal. Elsewhere, BoE Dep Gov
Broadbent said that it's wrong to assume that a no-deal would be good for
investment because of reducing uncertainty.
- UK focus turns to domestic inflation data due Wednesday and retail sales due
Friday. Later today, BoE's Carney, Broadbent, Tenreyro and Saunders will testify
to parliament.

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