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Market News Topics
October 24, 2018 12:13 GMT
Rate breaks below the $1.29 handle for the....>
CABLE
CABLE: Rate breaks below the $1.29 handle for the first time since Sep10,
prompting GBP/USD bears to eye the $1.2786 level before the YTD lows of $1.2662.
Markets may also eye $1.2810 as support, marking the 61.8% Fibo retracement
level for the $1.1841-1.4377 move.
Of interest, the UK PM May is scheduled to meet with the 1922 committee (an
internal parliamentary group of Conservative lawmakers) to present her progress
on Brexit negotiations. The meeting will be held behind closed doors at around
1700-1800BST and there no speeches/press conference is scheduled to take place
afterwards. Markets will keep an eye out for any leaked ministerial comments to
press or any remarks on exiting the meeting.
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com
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