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GBP/USD is steady at $1.2847 after falling....>

CABLE
CABLE: GBP/USD is steady at $1.2847 after falling 60 pips yesterday on the back
of continued political uncertainties surrounding the Brexit process, with
sterling finishing the day as the worst G10 performer.
- Cable was range-bound in yesterday's Asia-Pac session before slumping to a
fresh 3-month low of $1.2827 as Brexit matters came to the fore. Brexit Sec
Barclay told lawmakers that rejecting PM May's withdrawal bill would lead to a
choice between a no-deal Brexit and revoking Art. 50, while Labour spokesman
noted that the bill is not acceptable in its current shape.
- Elsewhere, the Telegraph reported that during a meeting with the PM later
today, senior Tory backbenchers will tell her to quit before the summer or face
a confidence vote, no matter if her Brexit deal passes parliament.
- A downside breach of $1.2811, which represents the lower Bollinger band (2%),
would draw bearish attention to the Feb 14 low of $1.2773. Conversely, bulls
need to clear the lower 1.0% 10-DMA envelope at $1.2862 before targeting the
200-DMA at $1.2958.
- BoE's Haskel will deliver a lecture later today.

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