Cable last deals at $1.3032, unchanged on.....>

CABLE: Cable last deals at $1.3032, unchanged on the day.

- GBP/USD was range-bound through yesterday's Asia-Pac session, but fresh demand

emerged into the European morning, allowing the rate to top out at $1.3080.

- The pair then eased off into the London noon, which saw the latest BoE MonPol

decision. The board voted unanimously to leave policy unchanged, with the

inflation report projections showing inflation above the 2.0% target on the

assumption of a single 25 basis point hike in three years.

- Cable extended losses post-BoE, as the greenback regained some poise, and

finished 18 pips lower, exactly erasing Wednesday's gains.

- Thursday saw local elections across England and Northern Ireland. While the

Conservative Party is widely expected to suffer electoral damages, the scale of

the losses will be closely watched, as an early indicator of voter sentiment

amidst the Brexit saga.

- A slide through the 21-DMA at $1.3013 would bring the 100-DMA at $1.2986 into

play. Conversely, a close above $1.3100 would reinvigorate the upside argument.

- UK focus today turns to domestic services & composite PMI data.