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GBPUSD reverses early gains with a sharp......>

CABLE
CABLE: GBPUSD reverses early gains with a sharp move back under $1.25. Rate
touches pullback lows of $1.2492 and with the Tory leadership taking centre
stage, narrow range trade is expected to continue. The 100-hma & Jul 17 high
provide near-term support at $1.2469/57.
- EURGBP squeezes to Gbp0.8984 with bulls looking to reclaim the Gbp0.90 handle.
The key downside support area remains at Gbp0.8954/56. 

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