Cable sank to a low of $1.2773 during.........>

CABLE: Cable sank to a low of $1.2773 during Thursday trade, the move seen as a

mix of position adjustments ahead of a Brexit vote in Parliament and dovish

tones(in case of a no-deal Brexit) heard from MPC Vlieghe. Despite this, and PM

May bruised by another Commons defeat, rate managed to settle back around

$1.2800 into the close. Rate drifted off to $1.2789 in early Asia before it

recovered above $1.28, touched $1.2807 in late Asia with Europe extending the

move to $1.2823 before it hit an air pocket and has dropped back to $1.2802.

Next resistance noted between $1.2830/40, more into $1.2850. Support $1.2790,

$1.2773. 

- UK focus today turns to domestic Retail Sales data(market median 0.2%mm,

3.4%yy; ex-auto 0.2%mm, 3.2%).