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UK PMI was also a beat, with................>

UK DATA
UK DATA: UK PMI was also a beat, with manufacturing slowly trending back into
expansion territory. 
-Despite the data, seeing very limited impact in Gilts or GBP. 
-Cable remains bid, and taking its cue from the better USD sell off this
morning. 
-The pair trades around the 100d MA at 1.2500 (traded 1.2512 high). *Next
further out resistance would be seen at 1.2567 High Jun 18

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