Cable trades around unchanged levels..........>

CABLE: Cable trades around unchanged levels ~$1.3175. Tuesday saw focus on the

upside continue, largely on the back of phases of broader USD weakness, as

opposed to outright GBP strength, with the rate ultimately finishing unchanged,

there or thereabouts, after a brief foray above $1.3200 in reaction to the

latest FOMC MonPol decision/statement.

- The latest set of Brexit headlines are less than favourable for UK PM May. The

Times has reported that "senior ministers are increasingly worried that the

prime minister will stick to her promise to force a no-deal Brexit if Europe

rejects her plan again next month." Elsewhere RTRS sources indicated that EU

officials are increasingly uneasy re: the prospects of a Brexit deal.

- French President Macron has stated that those who promoted Brexit "just lied,"

with BBG reports noting that he would welcome the UK back into the EU.

- Bulls continue to target a close above $1.3200 after Tuesday's close above the

100-DMA. A break would allow them to look to the 38.2% retracement level of the

2018 range ($1.3317). Bears need to breach Tuesday's low ($1.3097).

- BoE's Carney & Haldane will speak Thurs, BoE's Ramsden will speak on Friday.