GBPUSD has edged lower in Asia-Pacific........>

CABLE: GBPUSD has edged lower in Asia-Pacific dealing, with the USD moving

higher in the main. GBP last 1.3365, 15 pips or so lower on the session.

- Reports have suggested that the latest round of Brexit discussions have

yielded little in the way of breakthroughs, with no movement noted re: the major

hurdles in discussions.

- Elsewhere BoE Gov Carney was cautious re: Brexit, offering little new in terms

of insight into MonPol.

- The second estimate of UK Q1 GDP will hit on Friday, with analysts looking for

no deviation from the initial Q1 release, which was of course disappointing.

- Cable's failure to deal with 1.3490-1.3500 resistance on Tuesday put the

downside under pressure again. With the subsequent loss of 1.3386 support,

Wednesday also saw the 76.4% Fibo retrace level at 1.3346 and the swing target

at 1.3329 give way. This sees the mid December lows at 1.3303-1.3302 as next

protection lower. 1.3414-1.3448 provides the notable area of upside interest.