Cable has been operating within a 15 pip......>

CABLE: Cable has been operating within a 15 pip range in early Asia-Pac trade,

and last deals at $1.3061 after slipping nearly 70 pips Thursday. 

- The pair followed a choppy path on the back of mixed news flow re: Brexit, as

Theresa May's Gov't is due to meet on Monday to discuss a complete draft of a

Brexit deal. However, some of the PM's proposals still face scepticism among her

ministers. 

- In late NY trade, cable came under pressure from broader dollar strength, as

DXY edged higher immediately after FOMC decision left policy unch. setting the

scene for a December hike. 

- The latest round of Brexit rumours have been played down by PM May's office,

both in EU & Asia-Pacific hours. 

- Bears eye the 100-DMA at $1.3037, as a break below would open up the

55-DMA/Nov 7 low at $1.3026/21. On the upside, bulls need a break above the 50%

retracement from 2016 lows to 2018 highs at $1.3109 before trying to retake

yesterday's highs of $1.3150. 

- UK focus today falls on GDP, trade balance & production figures.