GBP/USD has edged higher and last sits at.....>

CABLE: GBP/USD has edged higher and last sits at $1.2953 after advancing 62 pips

Tuesday, as real UK wage growth accelerated to its highest levels since 2016,

with the unemployment rate dropping to equal multi-decade lows. 

- Worth highlighting on Tuesday the FT reported that UK PM May has told

ministers they will be exp. to vote against ruling out a no-deal Brexit next

week as tensions build within the Cabinet. Meanwhile, the EU remains reluctant

to any major concessions in a divorce agreement with London. 

- Initial resistance noted at $1.2975, where cable peaked yesterday. On the

downside, initial focus falls on yesterday's low of $1.2856 and a break below

would bring the Jan 21 low of $1.2831 into view. 

- UK econ calendar for the remainder of the week is rather light, with BoE's

Broadbent set to speak later today, while Brexit matters will remain in the

spotlight.