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GBP/USD sits well towards the lower end of....>

CABLE
CABLE: GBP/USD sits well towards the lower end of the G10 currency table in
early Asia-Pac dealing and last trades at $1.2616. Yesterday, the pair travelled
to intraday high at $1.2647 on the back of dollar weakness, but eased off
thereafter and closed about 40 pips higher on the day, at $1.2624. 
- Also yesterday, UK PM May announced that the parliamentary "Meaningful Vote"
on her Brexit deal will take place in the third week of January. 
- Bulls need to retake yesterday's peak before attempting to challenge the Dec
14 high at $1.2667. Conversely, bears eye $1.2571, where the rate bottomed
yesterday, and a break below would shift their focus to the Dec 14 low of
$1.2530. 
- The BoE is set to release it policy rate decision Thursday, with no change
widely expected. UK data releases this week include CPI due Wednesday, retail
sales due Thursday and Q3 GDP due Friday.

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