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*** Report in today's Times suggesting........>

CABLE
MNI (London)
CABLE: *** Report in today's Times suggesting progress made on the Ireland
border section of the Brexit negotiations, opening chance for a Brexit
transition deal as early as January, provided an added boost to sterling in
Asia(albeit a slow reaction to story release). Cable extended recovery highs to
$1.3480 with corrective pullbacks contained at $1.3465. Rate currently trades
around $1.3471 in early Europe. Next resistance/short term tech target seen at
$1.3483(1.618% swing $1.3383-1.3221), a break to expose next band of resistance
between $1.3500/10. Support $1.3465-50. 
* Nationwide HPI 0700GMT. Market median 0.1%mm, 2.7%yy. 
* Options: Expiry $1.3600(Gbp359mn)
* Market drivers: Brexit comment on developments. EZ flash CPI.
* Month end models suggest cable demand to be seen at fixes. Chance of Eur/Gbp
fix demand counter.
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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