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Having based ahead of the Asia low............>

CABLE
CABLE: Having based ahead of the Asia low ($1.3150), GBPUSD rallied to fresh
intraday highs of $1.3186. A break above $1.32 opens the 100-wma & Jan 25 high
at $1.3210/17. The move took EURGBP back under Gbp0.86 to pullback lows of
Gbp0.8589. UK Services/Composite data is due up at 0930GMT. Whilst the
manufacturing PMI held above 50 in February, construction failed to do so,
falling to 49.5. The services PMI is forecasted by the MNI median to post a
decline to 49.9. This would likely signal that uncertainty is starting to
gradually impose itself.
- A reminder that Attorney General Cox travels to Brussels later today to
negotiate amending the Irish backstop clause. The outcome of his attempts may be
crucial in shaping the Brexit timeline.

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