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Cable last sits at $1.2741 after slipping.....>

CABLE
CABLE: Cable last sits at $1.2741 after slipping more than 80 pips Tuesday as
sterling suffered from the Brexit chaos. 
- The pair tumbled to tanked ~85 pips in late Tokyo/early London trade as
markets absorbed headlines re: Brexit from overnight with U.S. Pres Trump
suggesting that PM May's Brexit deal can make future trade deal with the US
difficult & the Times' report saying that Tory Brexiters may back the withdrawal
agreement if May lays out a date for stepping down. 
- Today, BBG sources reported that May gave up attempts to prevent lawmakers
from altering the terms of her agreement with the EU before the final vote.
- Yesterday's lows of $1.2725 provide initial support, while a break below would
give bears a green light for targeting the psychological $1.2700 level. On the
upside, initial resistance is located at $1.2830, where the rate peaked
yesterday, and a break above would open up the Nov 26 high at $1.2864. 
- UK focus today turns to Downing 10's & BOE's economic analyses re: Brexit.
Elsewhere, BoE Gov Carney will speak after the release of the central bank's
Financial Stability Report.
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