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GBPUSD remains under pressure, after..........>

CABLE
CABLE: GBPUSD remains under pressure, after struggling on Monday in the wake a
soft round of domestic output/trade data, with GBPUSD printing lows of 1.3345
before recovering (1.3346 was the low overnight). The pair last deals at 1.3365.
- The next level of support under yesterday's low can be found at the initial
rally high from Jun 05 (1.3333).
- The cross encountered additional headwinds on Monday after EU's Barnier left
Brexit Sec Davis empty handed re: the UK's Brexit backstop plans, although
reports that UK PM May has placated the Tory rebels ahead of Tues/Weds EU
withdrawal bill vote bodes well for political stability in the short term. 
- The UK has a tightly packed docket this week, with labour market data due
today, CPI due Wednesday & retail sales due Thursday.
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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