Cable deals 20 pips or so higher at...........>

CABLE: Cable deals 20 pips or so higher at $1.2737, with the USD edging lower in

early Asia-Pacific trade, The comes after the rate shed 60 pips on Tuesday,

edging steadily lower on the day.

- Tuesday saw MPs inflict another Brexit defeat on the gov't as the Commons

backed measures designed to stifle preparations for a no-deal Brexit, with a

focus on funding. Elsewhere, the Independent reported that "at cabinet the Prime

Minister acknowledged defeat could be on the cards next week (re: the meaningful

vote), telling ministers she would "move quickly" to make a statement if her

plans fall."

- From a technical perspective, cable failed to clear $1.28 with the subsequent

reversal extending back under the 50-DMA. Bears look for a downside break of

$1.2600. The $1.2800 level remains a stumbling block for bulls.