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Touched a fresh intraday high of $1.3100 as...>

CABLE
MNI (London)
CABLE: Touched a fresh intraday high of $1.3100 as market reacted positively to
headline report that said Corbyn has announced that Labour will support a second
referendum to prevent a 'damaging Tory Brexit'. However, initial enthusiasm
quickly fades and rate has eased toward $1.3080. Does Labour's move possibly
rule out a remain option with it? Resistance remains into $1.3100, a break to
expose next band of resistance between $1.3109/12 (Feb20 high/76.4%
$1.3217-1.2773). Support $1.3080 ahead of $1.3050. 
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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