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Cable recovered off Tuesday's low of..........>

CABLE
MNI (London)
CABLE: Cable recovered off Tuesday's low of $1.2042 to $1.2098 in early NY
before an announcement on US import tariff delay for Chinese imports boosted US
stock market and the USD which eased rate to the $1.2050 area, closing the day
around $1.2060. Consolidation in Asia as trade was confined within a range of
$1.2045-67, currently trading around $1.2060 in early Europe. Focus on UK on
Inflation data at 0830GMT (train travellers especially watching the RPI to
indicate a possible rise in fares). CPI median seen at -0.2% mm, 1.9% yy, core
1.8% yy.
- Brexit, especially reference to no-deal, remains a key driver of sterling
direction. 
- Cable support $1.2050/40, $1.2015/00. Resistance $1.2100/10. 
MNI London Bureau | +44 203-586-2231 | john.webb@marketnews.com
MNI London Bureau | +44 203-586-2231 | john.webb@marketnews.com

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