Cable regained some poise yesterday, moving...>

CABLE: Cable regained some poise yesterday, moving away from multi-year lows

touched earlier this week. The release of decent UK retail sales data lent

support to sterling. Developments on the Brexit front also inspired optimism, as

chief EU negotiator Barnier said that Brussels is ready to work on alternative

arrangements for Irish border. Later in the day, the House of Commons passed an

amendment intended to block the option of suspending parliament to force a

no-deal Brexit. Meanwhile, the greenback sank under pressure of dovish Fedspeak.

- The vote in the Commons the rebellion of several cabinet ministers, one of

whom quit her job to back the amendment. The Telegraph reported that the

rebellion was led by Cll'r Hammond, who is expected to hand in resignations

alongside a few gov't colleagues before Boris Johnson moves to Downing 10.

- EU Commission Pres-Elect reiterated her openness to another Brexit delay. 

- GBP/USD has slipped 8 pips, last sits at $1.2541. The move has been driven by

NY Fed downplaying the relevance of yesterday's speech from its Pres Williams to

the upcoming policy meeting, which put a bid into USD.

- Bulls look to the 21-DMA at $1.2579, bears eye the 200-HMA at $1.2494.