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CABLE: Rate continues to edge higher in recent trade as the dollar softens
headed into the NY crossover, with US equity futures indicating a slightly lower
open today. While Brexit newsflow has been relatively few and far between so far
this week, focus remains on any cross-party opposition challenge to the
government, although BBC this morning reported that a staged act in Parliament
by opposition MPs has been delayed until next week.
-Any recovery through the earlier highs of $1.2337 opens the 21-dma at $1.2382
and last week's best levels at $1.2413.