Late NY consolidation, which had seen the.....>

CABLE: Late NY consolidation, which had seen the rate settle between $1.3030/40,

after easing back from an early NY high of $1.3095, continued through Asia

though within a slightly larger range of $1.3027-49. Sterling continues to enjoy

some buoyancy from recent positive Brexit noises from the EU, holding above

$1.3000, but market now seen wanting stronger confirmation that the UK and EU

are moving closer toward a deal. All this while main UK parliamentary parties

expose their internal splits, especially concerning a possible no-deal, which

may be prevented by an amendment vote next week, along with an extension to

Article50. However, if this gets passed it will be seen taking away one of PM

May's main bargaining tools. 

- Cable continues to meet support at $1.3027, with interest said to extend to

$1.3020 ahead of $1.3000. Resistance $1.3077, stronger between $1.3095/1.3110.

- Brexit remains the key directional driver for sterling. UK Brexit Sec Barclay

& Attorney Gen Cox held talks with chief EU negotiator Barnier yesterday, but no

breakthrough was apparent. BBG cited EU sources stating that Brussels expects

the UK to request a 3-month delay to Art. 50.