Markets retain a pessimistic outlook for......>

CABLE: Markets retain a pessimistic outlook for Brexit, with Conservative-Labour

talks struggling to make any break through, which in turn keeps downside

pressure on the pound. Cable's earlier break below $1.2900 saw rate easily press

down to challenge the Apr25 low of $1.2866, the break of $1.2850 extending move

to an eventual low of $1.2827. US Trump comments suggesting a delay to the

imposition of automobile import tariffs by as much as 6-months provided some

relief, cable taking its recovery lead from EUR-USD as it edged back to $1.2880.

However, upside momentum quickly faded, the rate currently buoyed above $1.2850

in post Europe trade. 

- Support $1.2850, $1.2827, $1.2800, $1.2773. Resistance $1.2880, $1.2900. 

- Light data calendar in the UK Thursday. BOE Jonathan Haskel speaks in York at

1630GMT.