Cable last seen at $1.3013, 6 pips higher.....>

CABLE: Cable last seen at $1.3013, 6 pips higher on the day, after closing 69

pips lower yesterday, as Brexit pessimism & firmer USD weighed on the rate.

- After fluctuating around unch. levels during yesterday's Asia-Pac session,

GBP/USD slid smoothly through the rest of the day, on the back of the broad

perception that cross-party Brexit talks are faltering, with ITV's Peston

reporting that the talks were nearing collapse. Growing USD strength accelerated

the move, allowing cable to probe the water below $1.3000 in the NY session.

Sterling finished as weakest G10 currency, as a result.

- Elsewhere, PM May defied calls for her to step down and confirmed that she

will hand in resignation only after the first phase of Brexit is completed.

- A dip through the 100-DMA at $1.3004 and below the $1.3000 mark would open up

yesterday's low of $1.2987, which coincides with where the rate bottomed on Apr

5. Conversely, bulls target the 200-HMA, located at $1.3039.

- The UK awaits quite a data-heavy Friday, with domestic GDP, industrial/m'fing

output and trade balance due on that day.