Cable has added 8 pips thus far and last......>

CABLE: Cable has added 8 pips thus far and last deals at $1.3052, after Thursday

saw the rate slide 145 pips through the day. Sterling was comfortably the

poorest G10 performer, suffering heavy wounds on the back of Brexit turmoil.

- On Thursday, the pair came under pressure from off, after all eight Brexit

proposals were rejected by the Commons in a series of indicative votes. Initial

GBP weakness, however, was shaken off through the Asia-Pac session.

- Post-WMR fix saw cable touch an intraday low of $1.3035, while BBG reported

that the gov't plans to hold a "meaningful vote 2.5" tomorrow, on PM May's

Brexit deal alone (i.e. without the accompanying political declaration on future

ties with the EU). Yet, questions re: legislative support for the deal remain,

with the DUP and some hardline Tory Brexiteers still refusing to back it.

- Cable ticked away from the aforementioned lows in the wake of a confirmation

that Commons Speaker Bercow will allow the vote. Nonetheless, the rate then

descended from the reaction high of $1.3094 towards the close.

- Worth mentioning final UK GBP comes out on Friday, but the main focus will

continue to fall on Brexit matters.