Picked up decent demand into the returning....>

CABLE: Picked up decent demand into the returning NY market as traders reacted

to positive Brexit comments, The Sun journalist Harry Cole tweeted, "Faintest

wisp of white smoke? Told Downing Street and UK negotiators were "pleasantly

surprised" at how well talks went yesterday and there is rapid movement behind

scenes." Cable initially met resistance into $1.3000 (200-dma), the eventual

break boosted upside momentum as rate pushed on to $1.3050 at the 1600GMT fix.

Slight pullback to $1.3028 before another round of demand edged it on to $1.3069

at the European close. Rate currently holds firm as we move into the NY

afternoon, but traders will be very wary of any further Brexit comment, positive

or negative. Resistance now seen between $1.3069/72(recent high and 1.618% swing

of the last move down from $1.2892-1.2773(Feb13-14), a break to expose $1.3100.

Support now seen at $1.3050 then into $1.3030/20 ahead of $1.3000.

- Brexit remains the key driver of sterling direction. Traders awaiting any

details on progress in current the Irish Border impasse. UK CBI Trends released

Wednesday at 1100GMT.