GBP/USD has climbed 17 pips and last deals....>

CABLE: GBP/USD has climbed 17 pips and last deals at $1.3215, amidst post-FOMC

USD weakness, after falling 70 pips Wednesday, with sterling finishing at the

bottom of the G10 pile, as the Brexit saga continued.

- Cable ebbed lower in the European morning before cratering to intraday lows of

$1.3147, following the confirmation that PM May requested a short delay of

Brexit until June 30, which surprised investors and, reportedly, her EU

counterparts. European Council President Tusk piled up pressure on PM May, as he

said that granting extension is conditional on the Brexit deal being approved by

the Commons. May will now meet with EU leaders on a summit tomorrow.

- Cable then spiked higher on the back of the latest FOMC MonPol decision, but

eased off thereafter.

- Worth mentioning UK CPI topped exp. yesterday, but the release was

overshadowed by Brexit matters.

- Initial resistance noted at the 100-WMA at $1.3221, followed by the 100-HMA at

$1.3254. Conversely, bears look to a fall through the 200-HMA at $1.3206 towards

the 21-DMA at $1.3185, situated just above today's low.