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Citi's trade of the week recommends a short...>

CABLE
CABLE: Citi's trade of the week recommends a short GBP/USD position, targeting
$1.2700 with a stop at $1.3150. Citi write:
-Brexit risk is rising, with chances of a 'no deal' Brexit (as per Liam Fox's
comments over the weekend) uncomfortably so late in the negotiations.
-BoE providing no hawkish impetus last week, compounding market fears that GBP
will receive no support from Carney and Co.
-CitiFX's Global Flow supports GBP/USD lower.
-USD rally likely on data and escalating trade war.

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