Consolidation largely remained the theme......>

CABLE: Consolidation largely remained the theme overnight in Asia. News that

Democrat Jones had defeated Republican Moore in Alabama's Senate election caused

a brief bout of dollar weakness to $1.3334, before fading. Fresh sterling demand

in early Europe did manage to grind out highs of $1.3336 but again lacked follow

through. Hourly resistance is located at $1.3370, a break here opens $1.3380

(Dec12 high UK CPI react).

* Main event risk on the calendar today from the UK Labour Market Survey at

0930GMT. The UK unemployment rate held steady at its 42-year low of 4.3% in the

three months to September but single month outturns of 4.2% in both August and

September means a drop in the headline rate may on the cards in the October.

* The UK labour market remains tight and over the year has the number of those

in employment grow, though of late this trend has been a little more subdued

(there was -14k drop in the 3m to September).

* At 1200GMT UK Prime Minister Theresa May will face a weekly round of PMQ's.