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Continues to claw its way higher, as rate.....>

CABLE
MNI (London)
CABLE: Continues to claw its way higher, as rate extends recovery away from
Tuesday's freshly posted YTD low of $1.1959, to $1.2144. Move seen driven as
market views parliament activity easing the UK away from a no-deal Brexit,
cable/sterling acting as a barometer on Brexit. Expect some resistance into
$1.2150, more into Tuesday's high of $1.2175 ahead of the 10-dma, which
currently comes through at $1.2190. Key UK Services PMI set for release at
0830GMT, market median 51.0 vs 51.4 last. 
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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