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Release Monday showing the improvement in.....>

CABLE
MNI (London)
CABLE: Release Monday showing the improvement in the final Services PMI at 50.0,
vs its flash 49.0, provided sterling with a general boost and allowed cable to
recover to a pre NY high of $1.3175, off an early Europe dip to $1.3064. Early
NY saw general USD demand which pressed rate back to $1.3134 before fresh demand
emerged to take rate to a intraday high of $1.3177 ahead of the close.
Consolidation in early Asia saw rate confined within $1.3169-78 before coming
under pressure into Europe which pressed it down to $1.3142 with recovery
efforts so far fairly muted. 
- Support $1.3134, $1.3119(21-dma) and into $1.3100. Resistance $1.3180,
$1.3200. 
- Thin data calendar for the UK Tuesday. EZ CPI, US Trade, non-mfg ISM, Factory
Orders and Durable Goods provide data interest. Risk continues to watch US-Iran
developments. 
- UK parliament returns Tuesday, Brexit legislation on the agenda. Chancellor
Javid sets Mar11(post-Brexit) for Budget. 
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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