Cable has climbed 10 pips so far and last.....>

CABLE: Cable has climbed 10 pips so far and last deals at $1.3079, as sterling

has extended yesterday's strength. GBP/USD rallied 115 pips yesterday, touching

fresh 2019 highs, leading G10 FX, as the UK parliament seemingly leaned towards

extending art. 50. Meanwhile, chief EU negotiator Barnier spoke Wednesday,

calling PM May's "plan B" unacceptable.

- BoE's Haldane spoke with the Daily Mail. He stated that "if you believe

markets we'll be a long time getting back to even 2 per cent. If the economy

continues to tick along, as we expect, then we might expect some further limited

and gradual rises," keeping to the interest rate-setting MPC's current

assumptions. But in a nod to Brexit uncertainty, he concedes: "If the econ

begins to change direction we will be flexible in the face of that." 

- After the rate jumped onto the $1.3000 handle yesterday, bulls target the

nearby $1.3081, where cable peaked Wednesday, before challenging the

psychological $1.3100 level. Conversely, bears eye the 200-DMA at $1.3064 before

attempting a run at Wednesday's low of $1.2943. 

- Brexit matters likely to be the main GBP driver over the coming weeks.