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GBPUSD trades virtually unchanged at..........>

CABLE
CABLE: GBPUSD trades virtually unchanged at 1.3780, back from lows of 1.3766.
The recent bout of weak data out of the UK has dented GBP, and MNI's PINCH model
currently prices in around 22% chance of a 25bp hike at next week decision, down
from 56% ahead of last Friday's initial Q1 GDP estimate. 
- Points of interest this week include the PMI surveys due Tuesday-Thursday &
comments from BoE chief economist Haldane on Monday.
- Downside interest comes in at Friday's intraday low of 1.3747, then the 2018
bull channel base projection at 1.3734. To the upside, hourly resistance is
found at 1.3840/45.
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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