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GBP/USD comfortably held above $1.31 on.......>

CABLE
CABLE: GBP/USD comfortably held above $1.31 on Tuesday and squeezed to $1.3159
on reaction to UK PM May stating that she will lead Brexit negotiations with the
EU, while the Brexit department will instead focus on preparations for a no-deal
Brexit.
- GBP/USD last $1.3150, resistance noted at the 50% retracement of the move from
$1.3363 to $1.2958 and the 61.8% retracement of the move from $1.3293 to $1.2958
($1.3161/65), while support is seen at the 61.8% retracement of the move from
$1.3072 to $1.3159/hourly support ($1.3105).
- Focus remains on Brexit developments & next week's BOE MonPol decision, with
Commons now in summer recess.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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