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GBP/USD last seen at $1.3008, 5 pips below....>

CABLE: GBP/USD last seen at $1.3008, 5 pips below Thursday's close.
- Yesterday the rate dropped into the European morning, before bouncing from
$1.2975. Recovery attempt was capped just above $1.3000 and the par declined
further, bottoming at $1.2968. Cable jumped just after touching the level, on
the back of a drop in USD strength, later extending gains to the intraday high
of $1.3036. The rate then eased off slightly towards the end of the day, closing
a handful of pips better off.
- There are no signs of any breakthrough in the ongoing cross-party Brexit
talks, with Labour leader Corbyn calling on PM May to move her red lines.
- A return below $1.3000 would open up the aforementioned yesterday's low,
located 10 pips above the 200-DMA. Conversely, bulls look for a break above the
200-HMA & 100-HMA, located at $1.3049 & $1.3061 respectively.
- UK highlights today include domestic GDP, industrial/m'fing output & trade
balance data.

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