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With UK election campaign on the home.........>

CABLE
CABLE: With UK election campaign on the home straight, all eyes are on the
political news. GBP/USD has added a handful of pips and trades at $1.3144,
supported by opinion polls which continue to put the Conservatives on a
comfortable lead.
- Cable has seemingly stalled ahead of $1.3200. On Friday it tested the
multi-month high of $1.3166 printed the prior day, before it retreated into the
European morning. A strong U.S. NFP report kept a lid on recovery attempts and
the rate finished on the back foot.
- The most recent highs of $1.3166 provide the initial bullish target. A break
here would clear the way toward the $1.3200 mark that has remained intact since
late March. Meanwhile, a slip under Friday's low of $1.3101 would encourage
bears to take aim at $1.3013, the high of Oct 21 and a key breakout level.
- On the data front, focus turns to UK monthly economic indicators, due Tuesday.

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