Pressing on its pre Europe open low of........>

CABLE: Pressing on its pre Europe open low of $1.2117, as rate tracks early EUR

slippage, though EUR/GBP pressed to fresh intraday lows of Gbp0.9137 diverts

some of that pressure. Cable support is seen from $1.2117 ahead of Wednesday's

low of $1.2112, with the 61.8% retracement of the move up from $1.2065 to

$1.2179 coming in close behind at $1.2109. Expect some support into $1.2100, a

break to expose $1.2092(76.4%). Resistance $1.2136 ahead of $1.2150/55, stronger

between $1.2175/80.

- UK CBI Sales data at 1000GMT. UK focus is on today's meeting between UK PM

Johnson & French Pres Macron.   

- Focus this morning on flash PMI releases from France, Germany and EZ. 

- BBG source report re: French expectations on Brexit highlighted that France

fully aligns with Germany's stance and EU leaders won't be persuaded by any

intervention from U.S. Pres Trump.

- UK PM Johnson spoke with German Cll'r Merkel Wednesday, both expressing desire

to secure an orderly Brexit. Merkel challenged Johnson to come up with a

solution to the Irish backstop in the next 30 days.