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GBP/USD last seen at $1.2485, virtually.......>

CABLE
CABLE: GBP/USD last seen at $1.2485, virtually unchanged on the day.
- Yesterday's highlight was the announcement of UK Supreme Court's ruling that
the controversial prorogation of parliament was unlawful. Opposition party
leaders have called for PM Johnson's resignation, which the PM has ruled out.
- Cable rallied as Lady Hale QC read out the verdict, hitting a reaction high of
$1.2489. A heavy greenback helped the pair extend gains, as the currency came
under pressure from several factors, including the possibility of an impeachment
probe into U.S. Pres Trump being launched by the Democrats, as well as Trump's
hard-line comments re: China & tech firms. GBP/USD finished 58 pips better off.
- PM Johnson pledged to respect the Supreme Court judgement, but voiced his
dissatisfaction, while BBG sources said that snr minister Rees-Mogg has
privately called the ruling a coup. Parliament is set to reconvene later today.
- Yesterday's close above the $1.2471 100-DMA shifts bullish focus to the Sep 20
cycle high of $1.2582. A pullback below the 100-DMA would open the $1.2400 mark.
- BoE Governor Carney will appear on a climate change panel later today, his
colleagues Cunliffe and Saunders will speak on Thursday and Friday respectively.
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