A strong labour market report released on.....>

CABLE: A strong labour market report released on Tuesday out of the UK prompted

participants to slightly trim their BoE easing bets, although the pricing of a

quarter-point cut to the bank rate this month remains >60%. Jobs addition was

robust, taking employment to the highest level on record, while the jobless rate

held at a four-decade low. GBP finished the day as the best G10 performer.

- Meanwhile, the Telegraph circulated a source report suggesting that the EU may

offer the UK worse trade deal terms than those it agreed with Canada or Japan.

- Cable is unchanged at $1.3050. Bulls look for a firm push above the trendline

resistance at $1.3070, towards the Jan 17 high of $1.3118. On the flip side,

bears keep an eye on the nearby $1.3045 50-DMA. A break here would open up the

Jan 14 low of $1.2955.

- PM Johnson's Brexit Bill won the backing of the Lords, but was amended in the

process. It means that the Commons will now decide on those amendments. The

gov't's spokesman James Slack said that the Tories are "not planning to accept

any amendments."

- The focus turns to flash PMI surveys, due on Friday.