Cable recovery efforts Wednesday were.........>

CABLE: Cable recovery efforts Wednesday were capped at $1.2820 before rate

reversed tack and eased to a low of $1.2764 post London fix,  settled around

$1.2780 into the close.

- UK PM May's meeting with EU's Juncker failed to deliver a final Brexit deal

agreement. Negotiators are said to be working through the night, with May

scheduled to return to Brussels on Saturday ahead of Sunday's EU summit.

However, Frau Merkel has threatened not to attend the Summit if no agreement on

the draft Brexit deal seemed likely. Germany seen placing pressure on UK, as

well as several EU members, to hold off tampering with the current proposed

deal. 

- France and Spain continue to pose the immediate threat to matters on the EU

side, while the bigger question remains, will May be able to get the UK-EU

agreed deal through domestic parliament?

- Brexit matters will dominate GBP for the remainder of the week and into next. 

- US Thanksgiving holiday Thursday subdued markets in Asia, likely to do same in

Europe.