Cable saw an extended low of $1.3004..........>

CABLE: Cable saw an extended low of $1.3004 through the 1600GMT fix as market

viewed a No-deal Brexit scenario moving back into view. Rate did manage to

recover to a post 1600GMT fix high of $1.3119, closing the day around $1.3108.

EU agreement to offer PM May an extension to Brexit to May22, if she can get her

Withdrawl Bill passed by Parliament next week, provided early sterling demand in

Asia which allowed rate to push up from around $1.3110 to $1.3135, but addition

that if May fails to get Bill passed the extension will be shortened to Apr12,

acted to take rate back to $1.3110. Mild general USD sales allowed cable to

slowly claw its way up to $1.3156 into early Europe.

- Resistance noted into $1.3170/80 ahead of $1.3200. Support $1.3110/00,

$1.3080, $1.3050.

- UK calendar seen light. Brexit developments continuing to dictate market

direction, especially into the weekend.  

- The Telegraph put out a story that Sir Graham Brady, the chairman of the 1922

committee, told Theresa May that MPs want her to stand down because of her

handling of Brexit.