GBP/USD trades at $1.2699, a touch higher.....>

CABLE: GBP/USD trades at $1.2699, a touch higher on the day after the Times

reported that Germany and most EU gov'ts will back another Brexit delay no

matter who becomes the next British PM.

- The UK awaits the results of the Peterborough by-election, which could be

released any time from 01:00 BST. The election has drawn attention as the

bookmakers' have favoured the Brexit Party candidate. Various Labour sources

declared the race "too close to call" after the polls closed at 22:00 BST.

- Commons speaker Bercow pushed back against suggestions that a Brexiteer PM

could sideline parliament in pursuing a no-deal divorce.

- Cable was driven by USD fluctuations yesterday and closed just a touch higher,

thanks to USD weakness observed in the wake of the ECB MonPol decision.

- Bulls look to $1.2742/44, which capped gains on Thursday/Wednesday

respectively. A break here would give them a green light for targeting $1.2753,

which represents the 23.6% fibo retracement of the move from $1.3381 to $1.2559,

as well as the May 27 peak. Bears look for a dip through the May 29

high/yesterday's low of $1.2671/69 before returning focus to $1.2600.