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Rate saw a post fix low of $1.3089 before.....>

CABLE
MNI (London)
CABLE: Rate saw a post fix low of $1.3089 before it jumped back to $1.3152 as
market reacted to a headline that the EU to make a new offer to the UK on the
Brexit Backstop, however this was dampened by following line that the offer is
said to fall short of what the UK has demanded. EU now awaits the UK response to
this new offer. Rate gave back those gains to post a fresh intraday low of
$1.3087 after the European close. 
- Brexit remains the main driver for sterling with headlines Friday possible on
the developments of the current UK/EU negotiations ahead of next Tuesday's
meaningful vote. Domestic data has the BOE/TNS Inflation Attitudes Survey at
0930GMT. 
- Main data focus on the US Employment Report at 1330GMT.
- Cable support $1.3087, $1.3060/50, $1.3000. Resistance $1.3150, $1.3180. 
MNI London Bureau | +44 203-586-2231 | john.webb@marketnews.com
MNI London Bureau | +44 203-586-2231 | john.webb@marketnews.com

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