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CABLE

GBP takes a leg higher, and sensitive on any Brexit/Trade headline.

  • USD bid unwound is also helping.
  • Earlier with Raab: We Are Close To Brexit Deal,", and now following Ireland Martin, noting constructive talks.
  • ALL EYES are on potential timing for Boris, but NO set time yet.
  • More likely that we will hear from him after the EU summit outcome, but these summits are notoriously known for not sticking at timings
  • GBPUSD small resistance move to 1.2970.

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