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GBP/USD last deals at $1.3075, virtually......>

CABLE: GBP/USD last deals at $1.3075, virtually unchanged on the day.
- The rate finished 81 pips lower Thursday, despite posting ~25 pip leg higher
in the NY/Asia crossover, when the Commons passed a bill forcing the PM to avoid
a no-deal Brexit. Thursday saw a lengthy debate on the bill in the House of
Lords, but the Lords' vote is yet to come.
- The rate slid then through the day, since the London morning, as risk appetite
faded and participants realised that an "accidental" no-deal Brexit by default
remains an option. Elsewhere, German C'llr Merkel met with Irish PM Vradkar,
with both leaders pledging to work to avoid a no-deal.
- Latest press reports are pointing to a split within PM May's cabinet.
According to the Telegraph, a group of eurosceptic ministers have discussed
"staging a mass walkout" in protest against soft Brexit, while some other mins
discussed the possibility of a second referendum with their Labour counterparts.
- Bears eye $1.3060, which limited losses Thursday. Below here would expose
$1.3014/10, where cable bottomed on Monday/Tuesday. Meanwhile, bulls look for a
return above the 50-DMA, located at the psychological $1.3100 level.

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