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Rate slips to the day's lows on the back of...>

CABLE
CABLE: Rate slips to the day's lows on the back of poorer-than-expected UK PMI
data. The November composite reading was the lowest since July 2016 (the month
after the Brexit referendum) and is consistent with GDP shrinking by 0.2% Q/Q.
GBP/USD bottomed out at $1.2872 having broken through initial support at 1.2888.
$1.2852 becomes the next downside target, with the 200-dma the longer-term level
at $1.2704.

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