Cable last dealing 20 pips higher on the......>

CABLE: Cable last dealing 20 pips higher on the day around $1.2885, with the

recent trading range respected thus far.

- Rate had faded to session lows ahead of the Commons vote on UK PM May's Brexit

deal after peaking at $1.2916 in the London morning. Rate knee-jerked lower as

the vote was defeated by a margin of 230, bottoming at $1.2670.

- Pair has recovered in the wake of the vote, with UK opposition Labour Party

tabling a vote of no confidence in UK PM May, scheduled for tomorrow at 19:00

GMT. The ERG wing of the Tory party & DUP Party have stated that they will back

PM May in the vote.

- If May wins the vote she will start cross-party talks with opposition MPs

before returning to negotiations with the EU. Early EU rhetoric on the matter

has pointed to a lack of wiggle room for PM May.

- Rate looking at the 100-DMA ($1.2893) at present, with a break opening up the

aforementioned intraday high. Bears look for a break below the intraday low to

open up $1.2635, the 1.0% 10-DMA envelope/Lower Bollinger band (1%).