Hopes that the EU and UK were nudging.........>

CABLE: Hopes that the EU and UK were nudging closer to a negotiated Brexit deal

eased through Friday afternoon trade, with optimism that weekend talks could

resolve issues, ahead of Tuesday's March12 meaningful vote, fading. No side

reportedly wants to be seen taking any blame if situation leads to a No-Deal

scenario (would be damaging to both the UK and the EU). Sterling came under

pressure with cable making a show under $1.3000 to $1.2990 with recovery efforts

so far remaining very shallow. Rate currently trades around $1.3000. Rate looks

set to close back below its 50-wma ($1.3132), having closed last Friday above.

The 200-dma currently comes through at $1.2986 and seen providing some support,

a break to expose $1.2950. Resistance seen at $1.3050 ahead of $1.3090-1.3100.