Posted a fresh YTD low of $1.2854 Wednesday...>

CABLE: Posted a fresh YTD low of $1.2854 Wednesday as sterling remained under

the Brexit cosh, recent comments suggesting the chances of a 'no-deal' Brexit

more likely weighing heavily. Cable recovered to $1.2897 before it settled

around $1.2980 into the close. Cable tracked early Asia EUR/USD slippage, the

thin market allowing traders to probe below Wednesday's base, extending the YTD

low to $1.2852 before rate bounced back. Move up was aided as USD/JPY came under

strong sell pressure but as this was countered so cable eased back to $1.2869

into Europe. Rate currently trades around $1.2880. Light data calendar for the

UK with focus on Brexit headlines. Going forward traders will watch UK data to

see if it supports the recent BOE rate hike, some suggesting the recent move was

to give the Bank room to cut should a 'no-deal' Brexit becomes reality. Cable

support remains into $1.2850, a break to expose falling tech support at $1.2839

ahead of $1.2810/00. Resistance remains into $1.2900.