GBP has added ~15 pips in early Asia-Pac......>

CABLE: GBP has added ~15 pips in early Asia-Pac trade and last trades at

$1.3121, as the EU leaders emerged from a summit with UK PM May. During a joint

presser, EU Council Pres Tusk & EU Commission Pres Juncker said that "the

cliff-edge data has been (unconditionally) delayed" to April 12. By that time

the UK must decide on the future of Brexit, with the options of a no-deal, May's

deal, a "long extension", and revoking Art. 50 all on the table. Tusk confirmed

that May has accepted the offer. This comes after cable fell 91 pips Thursday on

yet another Brexit-driven day, as PM May travelled to Brussels. As a reminder,

she initially asked for an extension to Art. 50 until May 22, but that faced a

cautious reception from her EU colleagues, especially as she struggled to

convince them that she can get her deal through the parliament next week.

- The BoE left its policy rate unch. Thursday, amidst the Brexit chaos. For our

REVIEW piece, see MNI Main Wire 12:00 GMT 03/21.

- Bulls now look to the 21-DMA at $1.3180, after the rate slid through the level

on Thursday. Meanwhile, bears eye the lower 1.0% 10-DMA envelope at $1.3062,

located just a few pips above the 50-DMA.