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Rate extends to fresh session lows of.........>

CABLE
CABLE: Rate extends to fresh session lows of $1.2633, but is yet to trouble
yesterday's worst levels of $1.2608. Any fall through here would open up the
Dec17 NY low at $1.2593 as well as the 2% lower Bollinger band at $1.2507.
Momentum for a move, in either direction, is lacking, but eyes turn to the NY
cut in just under 20 minutes, with a slew of option expiries scheduled to roll
off in GBP/USD: $1.2500(Gbp1.11bn), $1.2700(Gbp1.04bn), $1.3000(Gbp845mln). US
data also due at the turn of the hour includes personal income/spending and PCE
data.

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