Cable was knocked lower twice Wednesday,......>

CABLE: Cable was knocked lower twice Wednesday, initially by the release of

disappointing UK IP/Mfg data then by the release of US FOMC Minutes which

contained a favourable outlook for inflation. Both reactive pullbacks met

support at $1.4161, the latter able to recover to $1.4183 ahead of the close.

Asia extended this recovery to $1.4198 before faltering and rate drifted off to

$1.4171 into Europe. Mild buying met the dip to allow rate to settle around

$1.4180. BOE Broadbent due to speak in Sydney on the half hour with BOE Carney

speaking later in the day at 1900GMT/1500ET. BOE Credit Conditions Survey due

this morning at 0830GMT. Focus on the day will be the ECB Minutes (1130GMT) and

discussions on the ending of QE and possible rate hikes into next year. 

- Support $1.4161, $1.4145. Resistance $1.4200, $1.4240.