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GBP/USD last deals at $1.2578, 5 pips or so...>

CABLE
CABLE: GBP/USD last deals at $1.2578, 5 pips or so lower on the day. The pair
lost 60 pips Friday, coming under pressure from strong U.S. retail sales figures
& political turmoil re: Brexit, as UK PM May failed to secure concessions from
EU leaders, which would help her sell her Brexit deal at home, while her press
conference lacked clarity. 
- Initial bearish focus falls on $1.2530, where the rate bottomed Friday, and a
break below would open up the psychological $1.2500 level. On the topside, bulls
eye the 50% fibo retracement of the move from $1.2687 to $1.2530 at $1.2609
before shifting focus to Friday's peak at $1.2667. 
- The BoE is set to release its MonPol decision Thursday, with the policy rate
widely expected to stay unchanged. Elsewhere, key UK economic releases this week
include domestic CPI due Wednesday, as well as GDP & retail sales due Friday.

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