### - POV - Despite Wednesday's pullback......>

CABLE: ### - POV - Despite Wednesday's pullback from highs of $1.3329 to a low

of $1.3185, the move initially driven by the miss in UK Earnings data(though

employment strong), which weighed on sterling, with talk that agreement on US

Tax reforms getting close provided a general boost for the Usd via UST yields,

sterling performed fairly well with attention firmly set on today's BOE MPC

meeting. Tuesday's release of strong Inflation data boosted suggestions that

today's BOE Minutes could tilt toward hawkish, though this view was dented by

Wednesday's miss in UK AHE, despite strong employment data. Most forecast no

change in rates/QE, vote split widely expected at 7-2 though some suggestions

that this could move to 6-3 with BOE Chief Economist Haldane possibly moving

across. Any hint at hawkish tones and we could see cable challenge resistance in

the area between $1.3255-90, though current Usd strength may offset a revisit to

$1.3329. Eur/Gbp break of Gbp0.8980/75 area could expose Gbp0.8930/25. If BOE

keeps outlook unchanged likely to weigh heavily on sterling, a break of $1.3190

to open a deeper pullback to $1.3160/50.