Cable managed to edge its way to a high of....>

CABLE: Cable managed to edge its way to a high of $1.2707 in NY trade Friday,

closing the week just below the figure. Volatile open in a holiday thinned Asian

session (Tokyo closed, early closing in Australia, NZ and HK) saw cable trade

mark a range of $1.2670-1.2720 in what would have been pre-Tokyo trade but

settled between $1.2685/1.2703 during the main session. Corrective slippage

continued into Europe as rate eased to place pressure on the $1.2680 level,

where rate is currently meeting some support. Month-end models have suggested

USD demand to be seen at today's fixes, which along with SOMA($18.2bn) should

provide at least some general support for the USD. Cable support $1.2680,

$1.2665/60. Resistance $1.2705/20. 

- UK Trade minister Fox told the Times "Brexit is on a knife edge and the

chances of Britain leaving the European Union are "50-50" if MPs reject Theresa

May's deal." EU's Juncker told the UK to "get your act together" over Brexit.

The Observer reported that "senior Tory and Labour MPs are planning to force the

government to delay Brexit by several months to avoid a no-deal outcome if

Theresa May fails to get her deal through parliament in January."