GBP/USD finished virtually where the rate.....>

CABLE: GBP/USD finished virtually where the rate started on Wednesday, with

focus on the UK cabinet meeting re: the draft Brexit deal.

- The cabinet ultimately passed the deal, moving the process onto parliament,

although the passing seemed anything but unanimous, with some touting

resignations over the coming days, while there was growing chatter re: a

confidence vote for PM May, although that seems to have abated for now.

- EU's Juncker has sent a letter to the EU Commission President recommending

that decisive progress has been made in the negotiations on the orderly

withdrawal of the United Kingdom from the European Union.

- Rate last $1.2997. Bears focus on a break of $1.2800 to resume the downtrend.

Bulls need a break of $1.3175 to change the short-term outlook.

- Retail sales headline the UK docket on Thursday, although Brexit is set to

dominate matters, with many suggesting that the Brexit deal won't pass through

parliament in its current state. The independent has reported that Number 10 is

likely to allow amendments in parliament before the vote.