Brexit noise continued to drive cable.........>

CABLE: Brexit noise continued to drive cable yesterday as EU and UK negotiators

have worked against the clock to hammer out a divorce agreement in time to be

presented to EU leaders, who gather for an EU Council summit on Thursday.

- Cable dipped to its intraday lows of $1.2658 in yesterday's London morning

amid reports that EU-UK talks reached an impasse. The rate rallied off lows as

optimism revived, but then eased off highs late doors as the UK & EU downplayed

potential for reaching agreement by the end of Wednesday.

- UK PM Johnson tries to take the DUP party on board, with DUP leader yesterday

denying claims that she dropped her opposition to the new Brexit plan.

- BoE Governor Carney noted that "the general posture has been encouraging in

the last few days of negotiations." He added that the BoE does not consider

negative rates as part of its toolkit.

- Cable last sits 13 pips lower at $1.2818. Bulls look for a rally above

yesterday's peak at $1.2877, bears eye the 200-DMA at $1.2714.

- A quick look at the calendar: UK retail sales are due later today, while

appearances from BoE's Carney and Cunliffe are scheduled for Friday.