GBPUSD hitting the day's highs and knocking...>

CABLE: GBPUSD hitting the day's highs and knocking above $1.22 as focus turns to

Parliament. PMQs coming up shortly - likely to provide a lot of noise, but

relatively little signal before the more important parts come later today, with

the vote on rebel bill later today.

- With Bill intended to rule out no deal Brexit likely to pass in Commons, the

major event of the day will be whether gov'ts motion to call early election

passes.

- 2/3 MPs support needed, meaning Labour votes are crucial.

- Lab not presenting a wholly united front. Brexit spokesman Starmer says 'We

are not going to be voting with Johnson today', but party sends email to members

stating 'It's on', referring to election.

- Motion to be presented after 1900BST/1400ET, following 2nd and 3rd readings of

European Union (Withdrawal) (No.6) Bill.

- A united front from opposition could be enough to defeat gov't again.