Cable gained an early lift Thursday as........>

CABLE: Cable gained an early lift Thursday as markets reacted to reports that a

deal on financial services in Brexit negotiations was close. Rate traded to an

initial high of $1.2920 before it was knocked back to $1.2850 as UK Treasury

officials said story was unsubstantiated. However, appetite for sterling

continued, edged rate to $1.2934 into the BOE announcement. No change in

rates/QE as widely expected but market gained a strong boost from BOE Carney's

hawkish comments in the press conference, though with the caveat of a no-deal

Brexit. Rate climbed to an eventual high of $1.3035 in late NY before it settled

around $1.3000 into the close. Rate continued to slowly pare Thursday gains in

early Asia, eased to $1.2986 but edged back to $1.3018 into early Europe as risk

appetite was given a lift on reports the US and China easing their trade

spat/tentative talks-deal at G-20. A light UK data calendar this morning, UK

Construction PMI due at 0930GMT, though overshadowed by key US Employment Report

at 1230GMT. Resistance $1.3022(50-dma) ahead of $1.3035(Nov1 high) and the

100-dma at $1.3042. Support $1.2985/80 ahead of $1.2950.