Cable last trades at $1.2510, a touch.........>

CABLE: Cable last trades at $1.2510, a touch higher on the day. Bulls target the

200-HMA at $1.2559; bears look to the YtD low of $1.2440, touched on Tuesday.

- UK short-term economic indicators released yesterday largely matched

expectations, triggering nothing more than an uptick in cable. The rate ebbed

off of an early high at $1.2495 before jumping on the back of dovish remarks

from U.S. Fed Chair Powell, which reinforced expectations of a rate cut in July.

- Ursula von der Leyen, the nominee for European Commission President, said that

she hopes the UK will after all remain in the EU. She also expressed support for

further Brexit delays, should the UK need them. Elsewhere, PM May's de facto

deputy Lidington warned that there is no guarantee of further extensions.

- BoE's Tenreyro said that she probably won't back raising interest rates in the

next few months amid weak inflationary pressures. She also noted that the more

likely response to a no-deal Brexit would be easing policy.

- UK ambassador to the U.S. quit over a diplomatic row re: his leaked comments.

- BoE Gov Carney will hold a press conference today after the publication of the

Bank's FSR. BoE's Vlieghe will make an appearance on Friday.