Found initial support around $1.3100..........>

CABLE: Found initial support around $1.3100 Wednesday before rate managed to

recover to $1.3149. However, failure to push higher turned attention back toward

the downside and eased to $1.3112 ahead of the close. This latter move lower was

aided by the release of FOMC Minutes, which confirmed recent hawkish tone from

Fed officials, the USD tone remained positive into Asia as cable was pressed to

an extended low of $1.3088. Rate recovered to hold around $1.3100 into Europe

but came under fresh pressure, which has extended the low to $1.3086. Rate

retains a heavy tone at writing on general USD demand as risk seen bruised.

Support seen into $1.3080($1.3082 Oct15 low) ahead of $1.3060/50. Resistance

$1.3125/30 ahead of $1.3150. UK Retail Sales at 0830GMT provides the morning's

data focus, market median -0.4%mm from 0.3%mm last. If release comes in at the

market median it would still not be enough to stop retail sales posting positive

sales growth for Q3. Market to remain on Brexit headline watch following PM

May's appearance in Brussels.