*Correct* (corrected the 100-DMA) BBG has.....>

CABLE: *Correct* (corrected the 100-DMA)

BBG has ran headlines suggesting that the EU is set to state that the extension

to the Brexit transition period will depend on the UK's conduct. This comes

after earlier reports suggested that EU's Barnier is set to propose an extension

of the transition agreement out to 2022

- GBP/USD virtually unmoved on the headline, last trading 10 pips or so softer

on the session at $1.2825.

- There was little in the way of concrete Brexit developments as UK PM May

travels to the continent today. Also worth noting that 48 letters haven't been

submitted to the 1922 Committee as of yet.

- GBP/USD has so far managed to hold up trendline support from the Aug lows at

$1.2704. Bears look to break below this level, before challenging the Oct 30 low

at $1.2696 & YtD low at $1.2662. Bulls need to recover the 100-DMA at $1.3016 to

change the short-term outlook, opening the Nov 7 high at $1.3175.