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GBP somewhat curiously continuing to claw.....>

CABLE
CABLE: GBP somewhat curiously continuing to claw back lost post-elections ground
here, with markets chewing through 1.3050 resistance to hit new highs here at
1.3076. The 200-wma sits at the 1.3080 mark which could draw a little attention
ahead of the Dec19 high at 1.3133. There's little fundamental behind the move
here with political developments few and far between while the PM is on holiday
in the Caribbean. Parliament returns in the new year where focus on the Jan31 EU
departure date has lessened as a Brexit in 2020 now looks cemented.
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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