NY Thursday picked up the earlier rumours.....>

CABLE: NY Thursday picked up the earlier rumours suggesting UK PM Johnson could

go for a no-deal Brexit on Oct31 ahead of a General Election for Nov1. Move seen

delivering Brexit, as he promised, as well as as sidelining the Brexit Party.

Sterling took a knock, cable dropped to $1.2095, but held off a retest of recent

lows of $1.2080(Aug1), while EUR/GBP cleared through its resistance at GBp0.9250

to move the YTD high to Gbp0.9265. Sterling pared these losses with cable edging

back up to $1.2155 before it settled between $1.2130/40 into the close(EUR/GBP

eased to Gbp0.9211). Asia consolidated Thursday moves within a range of

$1.2123-52, trading around $1.2140 into Europe.

- Support $1.2095, $1.2080. Resistance $1.2150/55, $1.2180/85.  

- Focus on UK Q2 GDP, forecast 0.1%mm, 0.0%QQ, 1.4%yy. 

- Brexit/General Election speculation to provide domestic drivers. US Trump

tweets on China and the Fed to be watched.