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Rate has pulled back from best levels, last...>

CABLE
CABLE: Rate has pulled back from best levels, last $1.3007, with the early bid
coming on the back of positive reports re: Brexit matters being passed through
the UK cabinet, but the optimism has been curtailed by familiar questions re:
resistance from the opposition, hard-line Brexiteers & the DUP.
- The rate has crossed back below its 100-DMA, and has leant on support ahead of
$1.3000. Stepping back, more notable support isn't seen until Tuesday's intraday
low at $1.2842, Bulls need to reclaim the aforementioned 100-DMA, before looking
to Tuesday's high of $1.3047.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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