Managed to make a show back above $1.3100.....>

CABLE: Managed to make a show back above $1.3100 Monday, traded to $1.3103 as

market reacted to a Sun article suggesting that in the event of a No-Deal Brexit

the UK Govt would still allow goods to cross the Irish border unimpeded, at

least for a temporary period. If this allayed some fears the positive reaction

didn't last long and rate eased back as it played catch up on EUR/USD's earlier

slippage with the USD making general gains. Cable eased through its earlier low

of $1.3041 to $1.3029 before it settled around $1.3040(and above its 200-dma,

today at $1.3033) into the close. Asia saw a quick probe under Monday's low, the

rate touched $1.3027 before bouncing back to settle again around the $1.3040

level.

 - Cable support $1.3027, stronger into $1.3000. Resistance $1.3100-15. 

 - UK Services PMI hits later today, Thursday will bring the first BoE MonPol

decision of 2019, alongside the release of the Bank's inflation report & meeting

minutes. Brexit headlines remain on watch, though any move on the UK and EU

stance over the Irish border now seen key. PM May is in N.Ireland today.