GBP/USD last trades at $1.3244, a touch.......>

CABLE: GBP/USD last trades at $1.3244, a touch better off on the day, after

dropping 96 pips yesterday amidst growing uncertainty re: the future of Brexit,

with focus falling on the last round of Brexit votes in the House of Commons.

- Sterling underperformed from off, with cable extending its pullback from fresh

YTD highs registered on Wednesday after the Commons passed an amended,

non-binding motion to reject a no-deal Brexit.

- The rate then bounced and lifted back above $1.3300, as BBC reported that the

DUP party is considering supporting the government's Brexit deal. However, this

was followed by a pullback to fresh intraday lows, as consecutive Brexit

headlines hit the wires.

- The European evening saw the Commons back the PM in asking the EU for an

extension to Art. 50. Although PM May won the vote, more than half of her own

MPs, including seven cabinet ministers, were against her motion.

- Bears now look for a break below the 100-WMA at $1.3220, which has limited

losses thus far, before challenging $1.3208, where the rate bottomed yesterday.

Meanwhile, bulls look for a return above $1.3300.