Brexit continues to show its influence on.....>

CABLE: Brexit continues to show its influence on sterling as cable was pressed

to a low of $1.3069 as market eventually reacted to comments that the recent

meetings between UK officials and the EU had proved difficult and that things

should come to a head into this weekend ahead of next Tuesday's meaningful vote

on Tuesday. Cable's move lower Thursday was also influenced by the sharp drop in

EUR/USD as the single currency dropped sharply following the ECB announcement of

fresh TLTROs and pushing out the date for a possible rate hike. Brexit headlines

to be watched as UK and EU bargain, with this afternoon's release of key US

Employment Report also a potential market mover. Cable recovery off its late

Thursday low of $1.3069 continued through Asia though rate met resistance into

$1.3100. This resistance remained into Europe, an early challenge well defended

before rate dropped back to $1.3075. 

- Support $1.3069, $1.3050. Resistance $1.3100, $1.3150/55.