Cable last trades at $1.2854, a touch.........>

CABLE: Cable last trades at $1.2854, a touch higher on the day, after falling 46

pips yesterday, mostly on the back of broader USD strength. A spike to intraday

highs of $1.2958 was noted around the midday fix, amidst limited news flow, with

some pointing to heavy futures flow, but the rate quickly pulled back below

$1.2900. 

- Worth mentioning that UK CPI slowed to 1.8%, slightly undershooting exp., and

printing below the BoE's 2% target for the first time in two years. 

- Thursday will see Brexit debate return to parliament, with Brexit motions

expected to be presented from around 1900GMT. 

- Initial support noted at the Jan 21 low of $1.2831, followed by the 50-DMA at

$1.2818. Conversely, the initial topside target is provided by the 100-DMA at

$1.2859, ahead of the 100-HMA, which is located at the psychological $1.2900

level. 

- UK focus turns to remarks from BoE's Vlieghe due later today & UK retail sales

due Friday.