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Free AccessJumped to $1.3119 as the Brady amendment......>
CABLE: Jumped to $1.3119 as the Brady amendment passed (317-301) which in effect
sends PM May to Brussels to renegotiate the Withdrawl Agreement, and to replace
the current Ireland Backstop. Not easy as EU have already said it cannot be
renegotiated, but at least the UK will be able to show what they do want which
the EU has been asking for. React gains prove short lived as rate drops back to
extend the intraday base to challenge reported support at $1.3062. A break and
clear below here to expose the $1.3014/12 area. Resistance now seen at $1.3100
ahead of $1.3120.
To read the full story
Sign up now for free trial access to this content.
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.