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GBP was subject to thinner liquidity on.......>

CABLE
CABLE: GBP was subject to thinner liquidity on Monday owing to the UK Bank
Holiday, benefitting from the broader USD weakness and paying little attention
to the latest round of Brexit related headlines from over the weekend.
- Cable topped Friday's high on Monday, last dealing at $1.2900. Bulls now look
to the Aug 22 high ($1.2936) ahead of the Jul 19 low ($1.2958). A close above
here would suggest a solid base is forming. Bears look for a break below $1.2800
to target $1.2750 followed by the Aug 15 low ($1.2662).
- There is little in the way of tier 1 UK data this week so focus is likely to
fall on Brexit/political developments.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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