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No deal Brexit worry continued to pressure....>

CABLE: No deal Brexit worry continued to pressure cable on Wednesday, as the
pair registered another fresh 11-month low of $1.2852, and the rate remains
under pressure with the lower end of the major descending channel at $1.2846
under threat as the downtrend intensifies. A break above $1.2976 is needed to
provide the first sign of stability, but $1.3064 needs to be overcome to
generate a bullish reversal.
- Outgoing BoE MPC member McCafferty offered little fresh insight into policy in
what will likely be his final interview during his tenor on the Committee, with
traders focused on Friday's UK GDP/output data.
MNI London Bureau | +44 0203-865-3809 |
MNI London Bureau | +44 0203-865-3809 |

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