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Cable tracked EUR/USD higher, amid the........>

CABLE
CABLE: Cable tracked EUR/USD higher, amid the softer USD theme on the back of a
miss in U.S. CPI on Thursday, before gaining its own lift as it spiked above
$1.3100 to $1.3124 as BBG reported that "the U.K. has pledged to provide
information on goods flow across the Irish Sea that could help solve a stand-off
over the Irish border".
- The latest BoE decision acted as a placeholder, having little effect on GBP.
- The rate settled around $1.3110 on Thursday, dealing a handful of pips above
the level last.
- Brexit matters remain front and centre, Brexit Secretary Raab told the BBC on
Thursday that he "is stepping up intensity of Brexit negotiations in weeks ahead
and is confident of a good deal." Comments from BoE Gov Carney dominated the UK
press last night, as he highlighted the risk to the economy in a no deal Brexit
scenario, while the Governor also noted that the BoE cannot just simply cut
rates to fend off the effects of a no deal Brexit.
- Carney is due to speak later today. Next week focus turns to UK CPI & retail
sales data, as well as an address from BoE's Haldane.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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