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GBPUSD takes another leg lower and............>

CABLE
CABLE: GBPUSD takes another leg lower and comfortably holds below the 200-dma
($1.2994). The earlier move through $1.30 which had provided pivotal support and
was seen by many as a break of the short-term bull trend, accelerated to
extended pullback lows of $1.2968. Others note traders squaring longs ahead of
the weekend meeting with May & Juncker in Egypt. GBPUSD bounces to $1.2985 at
typing.

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