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Path Of Least Resistance Remains Down

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GBP

Cable gets hits, following the breakout of 1.3276.

  • The move looks driven by short term play bailing out, pushing the pair to the low of the session at 1.3241, and order flow related as the pair recovers to 1.3258
  • Brexit trade talks are moved past the self imposed date of the 15th of November, with more negotiations expected next week, but the window for a deal is slowly closing out.
MNI London Bureau | +44 203-865-3806 | fabrice.benhassine@marketnews.com
MNI London Bureau | +44 203-865-3806 | fabrice.benhassine@marketnews.com

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