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Weekend Brexit comments and release of........>

CABLE
MNI (London)
CABLE: Weekend Brexit comments and release of softer than forecast UK Mfg PMI
Monday acted to press sterling lower Monday, cable touching a low of $1.2855.
Recovery efforts were capped ahead of $1.2890 before rate settled around $1.2870
at the close of a US holiday thinned session. Mild USD demand in Asia saw rate
extend lows to $1.2854, though without much conviction, before it recovered to
$1.2868 into Europe. Fresh supply into the Europe session has seen rate eased to
$1.2858. Support remains at $1.2854/46(Asia low/Aug29 low), a break to expose
the Aug27 low of $1.2829. Resistance remains between $1.2890/1.2900. UK
Construction PMI due at 0830GMT, market median 55.8 vs last 54.5. UK Parliament
returns from their summer recess today, market on increased Brexit comment
watch. 
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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