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GBPUSD TECHS

Corrections Remain Shallow

FED

Reverse Repo Operation, Inching Higher

PIPELINE

$1.5B Royal Bank of Canada 10Y Launched

COMMODITIES

WTI Remains Bullish, on Track for Cycle High Close

US TSYS/SUPPLY

2Y Auction ​Review: Small Stop

CABLE
CABLE: Having earlier encountered support ahead of $1.3300, GBPUSD squeezed to
recovery highs of $1.3334 but with lack of follow through drifted to consolidate
in narrow range trade. UK Services PMI is due up at the bottom of the hour and
will be important for Q2 growth, services PMI rose to 52.8 in April after
March's 20 month low of 51.7. GBPUSD last $1.3330.