GBP/USD has added 6 pips thus far and last....>

CABLE: GBP/USD has added 6 pips thus far and last trades at $1.3258. On Tuesday,

cable managed to close 155 pips higher. The pair surged around the London fix as

the USD sold off, after earlier support was noted as UK PM May laid out a clear

procedure for lawmakers to vote against a disruptive 'no deal' Brexit with the

potential for a sequence of votes from March 12. Also on the Brexit front, MPs

from the Independent Group have tabled an amendment to the Brexit voting

procedure requesting a second referendum.

- Tuesday also saw BoE Gov Carney appear before the Tsy Committee. Carney noted

that the MPC could move policy either way post-Brexit. Carney also warned

against potential consequences of a no-deal Brexit and pledged the BoE's

commitment to support the wider economy.

- Bulls look to Tuesday's YTD high of $1.3288, followed by the Sep 20 high of

$1.3298. Meanwhile, bears need a break below the upper Bollinger band (2%) at

$1.3220 before challenging $1.3203, which represents the 100-WMA.

- UK focus this week falls on house price index due Thurs & m'fing PMI due Fri.

Weds will see the latest round of non-binding Brexit votes in the Commons.