Continued comments suggesting UK/EU closing...>

CABLE: Continued comments suggesting UK/EU closing in on a Brexit deal boosted

sterling further Wednesday, cable traded to an extended recovery high of $1.3216

before it eased to $1.3181. However, rate was recovering into the close with

early Asia extending this move to $1.3213. Stops through $1.3220 were then

targeted and triggered which provided the lift to take rate on to $1.3244 before

momentum faded. Rate drifted back to the $1.3220 area into Europe with further

sales into the new session able to press it to $1.3202. Market continues to

brush aside any negatives to the Brexit issue, DUP threats to pull out of

supporting the Govt if they don't agree with the deal. Resistance now seen from

$1.3244 through to $1.3250. Support $1.3200 ahead of $1.3180 ahead of stronger

interest at $1.3155/50. Market remains on Brexit headline watch though equity

market performance providing for some risk aversion.