Cable finished 16 pips worse off yesterday,...>

CABLE: Cable finished 16 pips worse off yesterday, even as it threatened a

breach of $1.2100 at one point. The rate slid into the London morning, plumbing

an intraday low of $1.2042 before staging a recovery. UK jobs numbers didn't

provoke much reaction, as any impact of better than exp, earnings figures was

negated by an uptick in unemployment. Better than exp. U.S. core CPI triggered a

modest knee-jerk lower, promptly followed by an upswing to intraday high of

$1.2098. Yet, cable then gave away earlier gains through the rest of the day.

- The rate last trades flat at $1.2060. Bulls look to jump onto the $1.2100

handle, while bears keep an eye on Monday's cycle low of $1.2015.

- A senior U.S. official told RTRS that the U.S. and UK are discussing a trade

deal, which could take effect on Nov 1. This came after White House Security

Advisor Bolton said that the UK would be "front of the trade queue" post-Brexit.

- Commons Speaker Bercow pledged to oppose attempts to prorogue parliament

""with every bone in my body." Elsewhere, Labour Dep Leader Watson called for

anti-Brexit cooperation with Lib Dems.

- UK inflation data will be published later today, retail sales hit on Thursday.