Cable dipped to $1.2770 in pre NY trade.......>

CABLE: Cable dipped to $1.2770 in pre NY trade Wednesday but was able to recover

through the US session to $1.2872 as BOE speakers gave vague clues on policy

responses, though did note that there could be significant impacts from the

virus spread, seen more in a wait and see mode but ready to provide a support

measure for small businesses. However, market still sees the Bank moving in line

with other central banks in cutting rates. Cable consolidated its Wednesday

recovery in early Asia but picked up fresh demand interest as market reacted

positively to reported comments from the EU Chief trade negotiator Hogan that

talks with the UK were off to a good start. Cable nudged to $1.2880 in Asia,

extending on to $1.2889 in opening Europe trade.

- Support $1.2800, $1.2770. Resistance seen into $1.2900, $1.2906(61.8%

$1.3018-1.2726), $1.2920, $1.2950.

- A light data calendar in the UK Thursday. Focus on BOE Haldane (hawkish)

1300GMT, with BOE Carney (dovish) speaking at 1700GMT. COVID-19 virus spread

remains a key market driver via risk outlook.