Cable has edged higher and last sits at.......>

CABLE: Cable has edged higher and last sits at $1.3123 after adding 50 pips

yesterday, mostly on the back of post-FOMC USD fragility. Elsewhere, EU leaders

& officials reiterated Wednesday that the current Brexit deal is not open for

renegotiation, with EU Commission President Juncker & Belgian PM Michel (among

others) noting that the prospect of a no-deal Brexit has become more realistic. 

- Worth mentioning earlier in today's Asia-Pac session the Times reported that

PM May is preparing to encourage Labour MPs to back her Brexit deal with a cash

injection into deprived areas that voted to leave the EU. 

- Bulls initially look to $1.3146, where cable peaked yesterday, and a break

above would bring the upper 1.0% 10-DMA envelope at $1.3182 into play.

Conversely, bears eye yesterday's hourly pullback low of $1.3100, ahead of

yesterday's low of $1.3055. 

- UK m'fing PMI comes out Friday, with Brexit matters set to dominate.