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Stronger than expected US NFP added further...>

CABLE
MNI (London)
CABLE: Stronger than expected US NFP added further weight on to an already
retreating British pound Friday, pressed cable to an eventual low of $1.2481
following the break of the Jun18 low of $1.2506. The USD pared some of its data
react gains into the close with cable edging to $1.2531, finding support above
$1.2520. A fairly subdued Asian session saw rate consolidate within a tight
$1.2521-34 range (charts show an early low of $1.2507 in opening thin trade).
Resistance noted into $1.2540/50 ahead of the NY high of $1.2562. Support
remains into $1.2520 ahead of $1.2500 and $1.2480. The 2019 low of $1.2441 has
moved into focus. 
- Brexit warnings from the UK CBI (sees no-deal weighing on business development
by 1.3% in 2019) as well as from a former Brexit department chief suggesting we
should all worry about no-deal. 
- UK Ambassador to US leaked comments concerning US Trump, prompts Trump tweets.
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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