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CABLE: Rate erases the day's gains and ebbs through the earlier lows. A fall
through $1.3045 would mark new lows for the week and would shift focus to
Friday's print of $1.3012. The 50-dma has proved successful support in the past
two sessions, now sitting at $1.3011, which comes ahead of the 1.0% 10-dma
envelope at the $1.30 handle. Sterling remains Brexit-driven and traders eye a
statement from PM May in the House of Commons later today for an update on her
assessment of current Brexit negotiations.