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GBP/USD last trades flat at $1.2898 after.....>

CABLE
CABLE: GBP/USD last trades flat at $1.2898 after closing 3 pips lower yesterday.
- Cable was range-bound through yesterday's Asia-Pac trade, before round
tripping from its intraday low of $1.2866, a level not seen since mid-Feb, on
the back of broader USD gyrations.
- Worth noting an unnamed gov't official told BBG that No. 10 will likely accept
that holding EU elections is inevitable, as PM May is expected not to put the
withdrawal bill to parliament next week.
- Bears look for consolidation below $1.2900 before challenging the lower
Bollinger band (2%) at $1.2879, situated ahead of the lower 1.0% 10-DMA envelope
at $1.2850. Conversely, bulls look to the 200-DMA & 100-DMA, located at $1.2961
& $1.2964 respectively, in the wake of Tuesday's break below those levels.
- UK economic docket is rather light towards the end of the week, with Brexit
matters set to remain in focus.

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