Cable continues to trade around yesterday's...>

CABLE: Cable continues to trade around yesterday's highs, sitting at $1.3000,

after it was initially supported by positive Brexit news Thursday, although

developments elsewhere allowed the rate to hold/then move higher even after

official rebuttal of the related press reports from Westminster & Brussels, with

the rate adding over 200 pips on Thursday. 

- Although yesterday's BoE meeting saw policy left unchanged (in line with

exp.), GBP garnered some upside momentum, as Carney pointed to the fact that the

inflation forecast is a little above target in year two, suggesting there is

room for markets to price in a more hawkish path. 

- Meanwhile, the DXY receded from its multi-month highs, sending the greenback

to the bottom of the G10 table on Thursday. 

- Softer than exp. m'fing PMI figures in both the UK and the U.S. failed to

significantly move GBP/USD. 

- Having seen the rate moving through the key $1.3000 level, bulls look to a

break above the nearby 100-DMA at $1.3045. Bears need a reversal back below

$1.3000 before targeting the Oct 31 high at $1.2831.