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Cable spikes as Brexit could be delayed.......>

FOREX: Cable spikes as Brexit could be delayed
-GBP spiked to new highs this morning on an Evening Standard report that Article
50 and therefore Brexit could be delayed beyond March 29th. Bulls look for a
move above the 100-dma & 23.6% retracement into view at 1.2892/98
-DXY spiked just before the US opening bell and continued to climb throughout
the afternoon
-EURUSD took a dive as the dollar gained strength; near session lows at the US
close at 1.1462.
-Commodity FX rallied as China-US trade deal talks advanced; MNI headline out on
PBOC, "Offshore Yuan Pares Rise on Report PBOC Wary of Further Gains-bbg" led to
USDCNH paring gains.
-USDJPY broke through 108.50 on the pre open dollar spike before paring back
some gains. Renewed dollar sales post US CPI further extended slippage to fresh
lows of 108.15. A downside break of
the Y108 level opens the Jan 10 low at Y107.77.

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