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GBP/USD last sits at $1.3033, which...........>

CABLE
CABLE: GBP/USD last sits at $1.3033, which represents the 200-DMA, after falling
42 pips Monday. The rate was weighed on by a softer than exp. UK construction
PMI print, as well as broader USD strength. Elsewhere, EU Commission's Sec Gen
Selmayr said that the EU is not considering granting legally binding assurances
on the contentious Irish backstop to the UK, which was echoed by EU chief Brexit
negotiator Barnier. 
- After briefly looking below $1.3029, which limited losses yesterday, bears
look for an extension of yesterday's decline & a clean breach of that level
before challenging the 21-DMA at $1.2969. Conversely, bulls focus on the 100-HMA
at $1.3091, ahead of yesterday's peak at $1.3103. 
- UK Services PMI hits later today, Thursday will bring the first BoE MonPol
decision of 2019, alongside the release of the Bank's inflation report & meeting
minutes.

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