GBP/USD sticking to a tight 10-pip range in...>

CABLE: GBP/USD sticking to a tight 10-pip range in early Asia-Pacific trade,

last $1.2787, 10 pips or so higher on the day.

- Rate added around 10 pips or so on the back of a Telegraph story which noted

that "British and European officials are discussing the possibility of extending

Article 50 amid fears a Brexit deal will not be completed by March 29. Three

separate EU sources confirmed that UK officials had been "putting out feelers"

and "testing the waters" on an Article 50 extension, even as the Government said

it had no intention of asking to extend the negotiating period." The story was

subsequently denied by Downing St.

- Brexit headlines are expected to dominate price action ahead of next week's

meaningful vote in the Commons. Bulls continue to target a break of $1.2800 &

the Dec 31 high at $1.2815. Bears need a move back below $1.2600 to regain

momentum.