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GBPUSD comfortably held above the 100-dma.....>

CABLE
CABLE: GBPUSD comfortably held above the 100-dma ($1.3039), consolidating the
move into the NY close. Markets witnessed a volatile Asian session through the
US mid-term elections with early USD sales allowing GBPUSD to extend its rally
above $1.3100. As the USD staged a strong recovery on positive electoral
outcomes, GBPUSD was quick to pare gains with a sharp retracement to $1.3074.
The USD rally faded after the Democrats took control of the house, GBPUSD
squeezed back above $1.3100 to $1.3149, its highest levels since Oct 17. Brexit
remains front and centre with further headlines expected to drive today. Supply
is reported on approach to $1.3200, a break opens the descending trendline off
Sep20 at $1.3215. EURGBP touched fresh 5-month lows of Gbp0.8711 with bulls
looking for a break of Gbp0.8700, before challenging the ytd lows at Gbp0.8621. 

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