Early Europe dip to $1.2807 Tuesday quickly...>

CABLE: Early Europe dip to $1.2807 Tuesday quickly attracted buyers as rate

bounced back to $1.2905 into the 1600GMT fix. Rate dropped back to $1.2842

before closing the day at $1.2870. Brexit developments continue to dictate

sterling moves. Tuesday's eventual agreement to support a government bill to

allow for a snap election on Dec12 (expected to pass the House of Lords) had

little major effect on the pound, the outcome will now become the focus (watch

the polls). Trade in Asia was described as generally subdued, as market there

turned attention toward this evening's FOMC rate decision, with cable restricted

to a range of $1.2858/71, though picked up some fresh demand into Europe which

extended the topside to $1.2883. Moves seen in tandem with EUR/USD as EUR/GBP

holds close to its 10-dma(Gbp0.8629). Month-end approaching and early models

suggest USD sales to be seen vs the EUR and GBP. A light UK data calendar

Wednesday. Weekly questions to the PM to be watched(1200GMT). 

- Cable support $1.2842, $1.2810/00, $1.2789. Resistance $1.2905, $1.2927,

$1.2950.