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Dollar's on the march again, but GBP..........>

CABLE
CABLE: Dollar's on the march again, but GBP underperforms EUR despite the poorer
than expected German and French PMI figures. Political news proving to be a
sharp headwind for GBP today as a number of Tory MPs make express demands for a
'clean' (AKA hard) Brexit. Day's low in GBP/USD now at $1.3949 as the rate drops
through various Fib levels layered between the $1.3990-1.3950 levels. Feb20 lows
at $1.3932 may prove supportive ahead of the Feb13 high at $1.3925 and the
equality fall target of $1.3902.
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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