Fails to hold data react gains as sterling....>

CABLE: Fails to hold data react gains as sterling comes under fresh downside

assault. Traders have suggested real money supply in the market. Rate trades

back at $1.3490, off its data react high of $1.3510, the rate having been

pressed to a low of $1.3478 pre data release, off an earlier high of $1.3550.

Sterling has had a decent recovery this week, following reports of a break

through in Brexit negotiations, though problems of the Irish border now getting

more press. End month flow added to the cable recovery, now that is out of the

way sterling has begun to lose some of its lustre, especially into the weekend

with Sunday press the unknown factor. Support now seen at $1.3478 ahead of

$1.3465/50. Resistance $1.3550.