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GBPUSD tracks the EURUSD recovery to..........>

CABLE
CABLE: GBPUSD tracks the EURUSD recovery to $1.2174 and holds firm in early NY.
Lack of Brexit headlines has allowed the rate to play catch-up focusing on a
break of the Asia high at $1.2188 & $1.22 level. Consolidation above opens a
move towards the Jul 31 high & 200-hma at $1.2250/67. 
- Focus this afternoon turns to US ISM Non-mfg data at 1400GMT. The
non-manufacturing ISM reading is expected to rise slightly to 55.5 based on both
the Bloomberg consensus and MNI survey of analysts after falling to 55.1 in
June.
- The regional services data already released have suggested general
improvement, with the flash estimate from Markit was up from June.

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