After moving nearly 60 pips higher on Weds,...>

CABLE: After moving nearly 60 pips higher on Weds, rate has added a further 80

pips, last at $1.2845, as it garnered additional upside momentum after the Times

released a source story claiming PM May has sealed Brexit deal on financial

services ("UK & EU negotiators have reached tentative agreement on all aspects

of a future partnership on services, as well as the exchange of data.") 

- Yesterday GBP/USD climbed on the back of positive news re: Brexit

negotiations, briefly jumping to the session highs at $1.2831 on the back of a

Reuters story, which covered a letter by Brexit Secretary Raab saying the

divorce deal may be ready by Nov 21. The pair moved lower as Britain issued a

denial with rgds to any set date of finalising the Brexit talks, but posted

another bounce after BBG cited an official saying the EU sees "a new positive

mood" in the negotiations. 

- Having broken above yesterday's highs, bulls seek to recover the upper bound

of the downtrend channel at $1.2944 to shift the outlook neutral. 

- The highlights of this week's UK docket come on Thursday, with the M'fing PMI

to be followed by the BoE MonPol decision & QIR.