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Cable tracked EUR/USD higher Thursday amid....>

CABLE
MNI (London)
CABLE: Cable tracked EUR/USD higher Thursday amid a softer USD theme on the back
of the miss in US CPI, 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".
- Cable eased to $1.3088 before it settled around $1.3110 into the close. Rate
remained buoyed through Asia, basing at $1.3104 in early trade before it edged
to $1.3123 into Europe. Resistance $1.3130, $1.3150. Support $1.3000,
$1.2988/84.
- Brexit Secretary Raab told the BBC 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. 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 in Dublin at 1000GMT. Traders remain on Brexit headline
watch.
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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