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Despite (or because of?) the UK Bank..........>

CABLE
CABLE: Despite (or because of?) the UK Bank Holiday, GBP/USD continues to
correct lower in US hours, contrasting with EUR/USD which has traded in a
particularly tight range. Low print for today now sits at $1.2119, with next
support seen at the Friday low of $1.2195, with moving average envelope support
not seen until $1.2031, the 1.0% lower band.
-Brexit commentary has been few and far between today, after PM Johnson against
stressed to his EU counterpart that the government could block any attempt by
parliament to steer the UK away from a No Deal departure from the European
Union.
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com

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