GBP/USD holds steady at $1.3068,..............>

CABLE: GBP/USD holds steady at $1.3068, consolidates at the present level after

a speech from BoE Governor Carney knocked it on the head in Thursday's London

morning. Participants sold sterling as Carney told the audience that the MPC has

ample downside policy space, equivalent to as much as 250bp worth of rate cuts

that could be used in the event of an economic downturn. He added that the MPC

is discussing the merits of adding monetary stimulus "to reinforce the expected

recovery in UK growth and inflation."

- UK House of Commons passed the Brexit Bill by a healthy majority of 330 to 231

on Thursday. The legislation now awaits the approval of the Lords.

- The UK & Ireland have proposed a draft deal to end the deadlock, which has

rendered the devolved Northern Irish government inoperative for three years.

- Bears look for a fall below the 50-DMA at $1.3016, which limited losses

yesterday, before focusing on the key support from the Dec 23 trough at $1.2905.

Meanwhile, bulls would be pleased by a clearance of $1.3212, the Jan 7 high.

- BoE's Tenreyro will speak about the outlook for the UK labour mkt later today.