Cable advanced 54 pips yesterday, boosted.....>

CABLE: Cable advanced 54 pips yesterday, boosted in the London afternoon as EU

Commission President Juncker told Sky that he believes a Brexit deal can be

struck by Oct 31 and he will do everything to prevent a disorderly divorce.

- Elsewhere, UK retail sales slightly missed expectations but decent revisions

allowed cable to improve a touch, before it slid into the London noon, only to

bounce from worst levels. No reaction seen to the BoE's decision to stand pat on

policy, while warning against weaker inflation if Brexit uncertainty persists.

- Irish PM Varadkar and German Cll'r Merkel said they are planning to meet their

UK counterpart at the sidelines of the upcoming UN summit, as Johnson seems to

be intensifying talks with EU leaders. The UK has submitted to the EU some ideas

on how to change the Brexit deal, but these do not constitute a full, formal

proposal yet. Chief Brexit negotiators from both sides are set to meet today.

- UK Supreme Court should rule on parliament suspension early next week; the

gov't said it might repeat the move, if the initial one is deemed unlawful.

- The rate last deals at $1.2525, virtually unchanged. Bulls would be pleased

should yesterday's high of $1.2560 gave way; bears eye the 100-DMA at $1.2489.