GBP/USD has climbed 15 pips thus far and......>

CABLE: GBP/USD has climbed 15 pips thus far and last deals at $1.3081 in the

aftermath of yesterday's parliamentary Brexit votes. Cable tanked as the House

of Commons rejected the Cooper amendment, which proposed an extension of art. 50

to the end of 2019 if PM May failed to secure a deal with Brussels by late Feb;

the rate held losses thereafter & closed 97 pips lower on the day. Ultimately

lawmakers voted in favour of the Brady amendment, replacing the Irish backstop

with "alternative arrangements" & the Spelman amendment, which states that the

UK will not leave the EU without a deal. PM May is exp. to have a hard time

trying to sell the amended deal to the EU after Brussels reiterated that the

current deal is not open for renegotiation. 

- Bulls need to clear the upper 1.0% 10-DMA envelope at $1.3079, which would

bring yesterday's peak at $1.3200 into view. Meanwhile, bears eye yesterday's

low of $1.3057, followed by the 200-DMA at $1.3047. 

- UK m'fing PMI comes out Friday, with Brexit matters set to dominate.