Cable trades flat at $1.2934 after dropping...>

CABLE: Cable trades flat at $1.2934 after dropping 13 pips Wednesday, amidst

broader dollar strength. 

- The EU reiterated yesterday that the current Brexit agreement "is not open for

renegotiation" before UK PM May's visit to Brussels, scheduled for today, to

discuss possible amendments to the Brexit deal with EU's Juncker. The Times

suggests that the PM expects little movement from the EU, while the Telegraph

reported that "May is preparing to delay a second vote on her deal until the end

of Feb, a month before the UK is scheduled to leave the EU, in a move which

ministers believe means an extension of Article 50 is now inevitable." 

- Bears look for a fall through $1.2925, which limited losses both yesterday &

on Tuesday, before challenging the 100-DMA at $1.2891. Bullish attention is

drawn to yesterday's peak at $1.2979, just ahead of the 21-DMA at $1.2982. 

- The BoE is set to deliver its MonPol decision later today, alongside the

release of its meeting minutes & inflation report, followed by a press

conference from BoE Gov Carney. For our BoE preview see

http://marketnews-m.objects.xtenit.com/BoE_Preview_-_060219.pdf.