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GBP/USD last trades at $1.3112 after..........>

CABLE
CABLE: GBP/USD last trades at $1.3112 after dropping a handful of pips
yesterday. Initial support noted at yesterday's low of $1.3098 and a break below
would open up the 200-DMA at $1.3040. Meanwhile, bulls need to retake $1.3160,
where the rate peaked yesterday, before challenging the 100-WMA at $1.3178.
- Thursday's GBP/USD flows centred on month end demand, which drove cable to its
intraday peak, before fading. Also worth noting that Fed SOMA flows potentially
weighed later in the day. There was little in the way of fresh developments on
the Brexit front. 
- UK focus today turns to domestic m'fing PMI, as well as Brexit matters.

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